International inflow a valuable long-term resource - Swinburne Research Bank : Open Access Repository

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Title: International inflow a valuable long-term resource
Author(s): Young, Ian
Abstract: In these challenging financial times, it is interesting to reflect on the sector which, within the next year, could become Australia's largest export industry---international education. Despite its financial success, the sector is seldom seen as a major industry for Australia. There is still the misconception that it is an unfortunate artefact of an underfunded system which forced universities to recruit top-up fee-paying students from overseas. Yet 2008 Bureau of Statistics data shows that international education generated $14.1 billion in export income for Australia, making it our third-largest export industry, behind coal and iron ore.
Publication Type: Newspaper article
Research Centre: Swinburne University of Technology. Chancellery
Source: Australian Financial Review, 27 April 2009
Publication Year: 2009
Keyword(s): Australia; Colleges; Export industries; Funding; Higher education; International students; Long-term growth; Universities
Publisher: Fairfax
Publisher URL: http://afr.com