Cross-border higher education and national systems of education

Abstract

Knowledge, the intangible capital, is one of the major sources of economic growth in the present day world. Knowledge production and knowledge-based production (of goods and services) decide the pace of economic growth in a knowledge economy. The knowledge economy requires highly skilled personnel for its growth. Therefore, there is a need to stimulate R&D activities to generate a higher rate of growth and encourage skill acquisition to enhance productivity (Ostereten & Jennett, 2004). The public and private corporate sectors, and households and individuals are interested in investing in education to accumulate human capital since it enjoys a high premium and returns in the market. © 2009 Springer Netherlands.