However, it is also important to consider the varying degrees in the value of a liberal arts education across the globe. This is dependent on the different backgrounds, cultures and conditions. In the case study of Singapore, competitiveness is a known and common trait. This stemmed from the government’s continued and persistent emphasis on progress and development since the early days of independence. As such, people looked towards avenues which could bring about tangible results such as economic growth hence placing importance on the Science.
Governments or public sectors for that matter is not only inefficient in most cases but also cannot bear the burden of massive finances involved. This brings us to the need of privatization in higher education which is not simply a means of acquiring more money for the opulent but also helping enormously in increasing efficiency, ensuring quality andboosting competition amongst the institutions. All of this is contributing essentially in generating more advanced and useful
How Globalization Has Stimulated the Decreasing Roles of States Globalization is a relative term that can be defined as a process of mutual interaction and integrations between governments, corporations, and the citizens within various nations. A state is an organized sovereign territory under one government that has acquired international recognition, comprised of institutions such as the judiciary, the executive, and the legislature. Non-state actors refer to the institutions involved indirectly in state affairs ranging from multinational corporations, global companies, on-governmental Organizations and World Bank. Even though Globalization can be seen as a positive phenomenon, its downsides can somehow challenge and effect states sovereignty in various ways. Globalization has led to an increased dependency ratio hence declining the state roles.
In addition, technological advancement favor highly educated workers more than anyone else as these people are capable of dealing with the innovative machines and advanced technology and are able to make most out of them. Furthermore, as Li (2013) mentioned that being a skilled labor such as a university professor implies being highly educated, in this case, the cost of hiring professors has increased which eventually lead to an increase in the overall cost of higher
Nigeria and Technology With the rise of globalization shaping a new economic order, countries of the global south are evolving from traditional source of technologies to new technologies, built on empiricism and competencies (Siyanbola et al., 2012). However, the use of traditional knowledge for technological advancement ca not be totally ignored. As innovations have been seen in traditional knowledge for technological advancement in many developing countries. For example, Nigeria, indigenous knowledge has contributed creatively in making the aluminium industry more efficient (Siyanbola et al., 2012). Furthermore, United Nations Conference on Trade and Development (UNCTAD), argue that in the process of technological advancement, countries should ensure to build on existing knowledge for technological advancement, and not totally replace local knowledge with global knowledge (UNCTAD, 2007).
The economic competition forced by the globalization is obviously the main motive for the reshaping the education systems in many countries. Global information and communication technologies, mass media and international NGOs contribute to reforms in education directly or indirectly. International organizations inflict their policy interests, objectives and philosophies to developing countries through conditionality related to lending. The discourses of knowledge economy, life-long learning, international testing and technology are found to be the main concern of education policy in developing nations; these have thus become in effect globalized education policy
By investing in the provision of technological training and facilities in the rural areas. The use of ICT should also be included in agriculture, education, healthcare and other social and economic activities. (Personal Response) During the course of my individual research project, my research-based evidence very clearly suggested one thing: Innovation in technology is the way to progress and move forward. It was a very noticeable pattern even in my family history that the economical prospects for those not very technology savvy are very average. Which gives me a very strong signal, that to be able to move forward and have bright future prospects, I have to consciously re-invent myself and stay in tune with technological advances.
Globalization, eminence of human capital, access to higher education, high standards of quality research, creativity, innovation and entrepreneurship with cost and productivity efficiency have emerged the revitalization of higher education system. A recent study (Olivares and Wetzel, 2014) to analyze the universities efficiency with relevant to economies of scale and scope, it is observed that globalization and competitive environment has induced the public institutes of higher education to utilize their resources more efficiently by expanding their operations and activities to broader fields. Universities role no doubt has evolved over time. One aspect of this transformation is the social oriented perspective in which; teaching to all, education as a public good and every individual has social right to access education are foresight. Later on a second phase arrived; the promotion of research culture becomes the direction of education hub by focusing on research oriented institutes for enhancing the research and development.
 . The processes of globalization in education can be seen in several aspects: institutional, conceptual, procedural. Institutional aspect. These include UNESCO, the World Bank, the Council of Europe, the Organisation for Economic Co-operation and Development, etc .. UNESCO implements organizational regulation of development of world
Globalization and Its Impact on Accounting Education Globalization, characterized by dictionary.com as 'overall mix and advancement,' is a development that has influenced numerous commercial enterprises around the world. One of the primary commercial ventures influenced by globalization is the bookkeeping business, including school bookkeeping instruction. School bookkeeping training has been influenced by the 150 credit hour necessity to sit for the CPA, and the issue of Generally Accepted Accounting Principles (GAAP) versus Global Financial Reporting Standards (IFRS). The bookkeeping business has been influenced by the adjustments in bookkeeping training and the ensuing taking in holes between understudies from diverse nations. The United