Abstract
International education does not have to be a business; for many schools, it still is not. Following the changes described in the previous chapters, a business of international education has developed. How does this business operate? How has corporatization changed international schools?
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Newly-established schools in the higher price range cost USD 200–300 million to start, depending on the location. A valuation of Nord Anglia Education in 2017 put its schools at an average value of USD 100 million per school (Deveau 2017).
- 2.
Fieldwork conducted on Dec. 1, 2014 at an international school in Singapore.
- 3.
IGCSE is also nonprofit. IPC is for-profit.
References
Baltodano, M. (2012). Neoliberalism and the demise of public education: the corporatization of schools of education. International Journal of Qualitative Studies in Education, 25(4): 487–507.
Brighton College International Schools website. http://www.brightoncollegeinternational.com/About-BCIS-Our-Schools. Accessed August 10, 2018.
British Council. (2015). New British Council school in Malaysia announced. https://www.britishcouncil.org/organisation/press/new-british-council-school-malaysia-announced. Accessed July 23, 2018.
Bunnell, T. (2009). The exporting and franchising of elite English private schools: The emerging ‘second wave’. Asia Pacific Journal of Education, 28(4), 383–393.
Busy Bees website. http://www.busybeesasia.com/. Accessed January 2018.
Deveau, S. (2017. April 25). Canadian pension group to buy Nord Anglia at $4.3 billion value. Bloomberg. https://www.bloomberg.com/news/articles/2017-04-25/canadian-pension-board-group-to-buy-nord-anglia-for-4-3-billion. Accessed July 11, 2018.
Eduarabia. (September 2010). Bloom properties to commence construction of Brighton College school in Abu Dhabi. https://www.edarabia.com/8616/bloom-properties-to-commence-construction-of-brighton-college-school-in-abu-dhabi/. Accessed August 10, 2018.
EducationInvestor, April 9, 2009.
EducationInvestor. (2010, October 21)Wellington’s conquest.
EducationInvestor, November 3, 2015.
EducationInvestor, June 29, 2016.
EducationInvestor. (2017, February 27). Transnational education—A global race?.
EducationInvestor. (September 2017). The Macron effect (pp. 34–35).
Gardner-McTaggart, A. (2016). International elite, or global citizens? Equity, distinction and power: The International Baccalaureate and the rise of the South. Globalisation, Societies and Education, 14(1), 1–29.
Gardner-McTaggart, A. (2018). The Promise of Advantage: Englishness in IB International Schools. Perspectives: Policy and Practice in Higher Education, 22(4): 109–114.
Ge, C. (2015, September 7). China’s booming international school business untouched by slowdown. South China Morning Post. https://www.scmp.com/business/china-business/article/1855932/chinas-booming-international-school-business-untouched. Accessed August 10, 2018.
Harvey, D. (2005). A brief history of neoliberalism. New York: Oxford University Press.
IBO website. https://www.ibo.org/. Accessed February 2014.
IFC. (2010). Education Investment Guide: A guide for investors in private education in emerging markets. International Finance Corporation World Bank Group.
Ledger, S. (2017). The International Baccalaureate standards and practices as reflected in literature (2009–2016). The International Schools Journal, 37(1), 32–44.
Lee, M., & Wright, E. (2016). Moving from elite international schools to the world’s elite universities. International Journal of Comparative Education and Development, 18(2), 120–136.
Lubienski, C. (2005). Public schools in marketized environments: Shifting incentives and unintended consequences of competition-based educational reforms. American Journal of Education, 111(4), 464–486.
Ong, J. (2016, May 13). Behind Singapore’s Success in the IB: More tuition? Channel News Asia. https://www.channelnewsasia.com/news/singapore/behind-singapore-s-success-in-the-ib-more-tuition-8000894. Accessed May 10, 2018.
Rai, S. (2014, April 2). Billionaire education entrepreneur Varkey takes his Dubai school chain worldwide. Forbes. https://www.forbes.com/sites/saritharai/2014/04/02/chalk-a-block/#56fc3f7e4e75. Accessed July 24, 2018.
Saltman, K. J. (2005). The Edison schools: Corporate schooling and the assault on public education. New York: Routledge.
Scott, D. (2017, April 25). Canadian pension group to buy Nord Anglia at $4.3 billion value. Bloomberg. https://www.bloomberg.com/news/articles/2017-04-25/canadian-pension-board-group-to-buy-nord-anglia-for-4-3-billion. Accessed July 22, 2018.
SIIA website. (2016, April 19). Global webinar conference: Going global, international school markets—IB Edition. https://www.siia.net/Divisions/ETIN-Education-Technology-Industry-Network/Resources/Webinars/Going-Global-International-School-Markets-International-Baccalaureate-Edition. Accessed February 2018.
Srivastava, P. (2016). Questioning the global scaling up of low-fee private schooling: The nexus between business, philanthropy, and PPPs. In A. Verger, C. Lubienski, & G. Steiner-Khamsi (Eds.), World yearbook of education 2016: The global education indistry (pp. 248–263). New York: Routledge.
Tay, C., & Jaafar, S.S. (2017). Paramount Corp acquires 66% stake in REAL Education group for RM183 mil. The Edge Markets. http://www.theedgemarkets.com/article/paramount-corp-acquires-66-stake-real-education-group-rm183-mil. Accessed August 20, 2018.
Welch, A. (2011). Higher education in Southeast Asia: Blurring borders, changing balance. London: Routledge.
Wright, E., Lee, M., Tang, H., & Tsui, G. C. P. (2016). Why offer the International Baccalaureate Middle Years Programme? A comparison between schools in Asia-Pacific and other regions. Journal of Research in International Education, 15(1), 3–17.
Wylie, I. (2012, December 13). Education goes global. Financial Times. http://www.ft.com/cms/s/0/0e3cdd0e-428f-11e2-95fc-00144feabdc0.html#axzz3Os3nM6RT. Accessed February 1, 2015.
Zhao, S., & Tam, J. (2014, June 3). Tax-free school rules attacked Tax-free status for schools attacked. South China Morning Post. https://www.scmp.com/news/hong-kong/article/1524102/tax-free-status-hong-kongs-international-schools-attacked. Accessed July 22, 2018.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2019 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd., part of Springer Nature
About this chapter
Cite this chapter
Kim, H. (2019). The Business of International Education. In: How Global Capital is Remaking International Education. SpringerBriefs in Education. Springer, Singapore. https://doi.org/10.1007/978-981-32-9672-5_6
Download citation
DOI: https://doi.org/10.1007/978-981-32-9672-5_6
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-32-9671-8
Online ISBN: 978-981-32-9672-5
eBook Packages: EducationEducation (R0)