How Global Capital is Remaking International Education: The Emergence of Transnational Education Corporations

Description

This book offers a first look at transnational education corporations, new firms that operate international schools. The quiet rise of transnational education corporations – or TECs – has implications for education systems around the globe, as corporate interests gain a greater stake in the way schools operate. The story of their ascendance links government policies in one corner of the world with profound effects in others. In the past decade, TECs have burst onto the international schooling scene. Private firms, publicly listed firms, and private equity groups have transformed international education into an industry valued at over USD 30 billion. Nowhere has the impact been stronger and more sudden than in Asia. The top three international education firms with a presence in Asia run more than 20 schools in East and Southeast Asia with another six in India. Each educates tens of thousands of students around the globe and has an annual revenue of over USD 300 million. TECs offer a window onto the creation of new markets and the complex positions of governments in regulating social affairs. This book helps readers to understand who these firms are, what they do and how they have grown. Front Matter ....Pages i-xiii Introduction (Hyejin Kim)....Pages 1-14 The Creation of an International Education Sector (Hyejin Kim)....Pages 15-27 The Origins of International School Groups (Hyejin Kim)....Pages 29-42 Government Policies and the Shifting Place of International Schools in the Education System (Hyejin Kim)....Pages 43-56 Economic Planning, Education Policy, and International Schools (Hyejin Kim)....Pages 57-65 The Business of International Education (Hyejin Kim)....Pages 67-86 International Education Goes Global: Transnational Education Corporations as Global Actors (Hyejin Kim)....Pages 87-102 Conclusion (Hyejin Kim)....Pages 103-106