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It used to be every Asian parent’s dream – for their children to study hard and enter good schools, graduate with a good degree, and hopefully, move on to a well-paying job.
But this looks to be an increasingly outdated mindset today, when higher education has shifted from catering to the elites to a state of massification.
The numbers are remarkable. Post-secondary enrolments are estimated to hit over 37 million in China, and over 27 million in India, by 2020 – an unprecedented speed of growth. Taiwan has a university entrance rate of almost 100 per cent.
In Singapore, its Education Ministry is aiming for a cohort participation rate of 40 per cent by 2020 – meaning four in 10 individuals from each cohort will go on to pursue a full-time degree in one of the city-state’s six publicly-funded universities.
In both affluent and emerging economies, there is an explosion in the number of university-educated workers.
