This is a power point presentation on Financial Aspects of Higher Education in Europe

1. The State of Higher Education in Europe Anush Chubaryan University of South Carolina Globalisation: Challenges, opportunities, outcomes

4. Massification ( a market driven phenomenon) The welfare of the nations is suported by educated people Massification of Higher Education The most ubiquitous global influence of the past half century. ( Philip Altbach) Higher Education at the level of the individual translate into the expectation of higher salary and social improvement

5. Internationalisation ( a market driven phenomenon) The welfare of the nations is suported by educated people Internationalisation of Higher Education Higher Education operates as a positional good

9. Link between EHEA and ERA Graduates at all levels must have been exposed to a research environment and to research-based training in order to meet the needs of Europe as a knowledge society Ministers recognise the doctoral level as the third cycle in the Bologna Process.

14. Once Free of Charge: Now Quite Expensive

30. The main issue of Governance If Europe is to be a leader in the global Knowledge economy- and if unversities are to produce the top-level research needed to achieve this- comprehensive reform of higher education is the order of the day. What matters for good performance is money and good governance. (Bruegel policy brief)

31. All over Europe there have a movement to modernize university governance and management. Making institutions more responsive. Models of governence alike the ones used in the corporate industry are becoming common. Leadership is what matters Leadership

33. Higher Education as Business Internationalisation is changing the world of higher education, and globalisation is changing the world of internationalisation. (Jane Knight)

36. Joint together with governments and industry in order to secure long-term prosperity and stability of humankind.

37. Universities long viewed as ivory towers are increasingly recognized as oil wells of the new economy. (David Ward)

38. IVORY TOWER University, the Palace of Paradox OIL WELL WATCH TOWER