A few weeks back, The Economist had an excellent article talking about students going to college in other countries, and it surprised me that they didn’t talk about the idea of virtual onshoring (which I will be posting a series of articles about starting tomorrow. Here are the comments I posted to their article:
It still seems amazing to me that there hasn’t been more “virtual onshoring” of online universities to lucrative markets, such as the United States. For instance, while the University of South Africa offers relative high quality doctoral programs at a fraction of the cost of U.S. universities, it has not done many of the relatively basic things (such as gaining U.S. accreditation) that would allow it to be much more successful, and potentially earn millions of dollars. Thus, I believe that whichever developing nation realizes that they could dramatically improve their economy through the virtual onshoring of education, they have a chance to dominate this niche.