Business Education in the United Kingdom
The focus of this paper is to analyze the changes that occurred in higher education in the United Kingdom.
The most critical factor which differentiates an industrialized country from a developing or third world country is the level of education within its population. The United Kingdom which reached the status of an industrialized country decades ago emphasized improving its educational system and provide solutions for lower income families to send their children to college. The United Kingdom realizes that other nations, even those who were categorized as third world countries are rising and the country’s future depends on its educational system. For example, India is a country that created an economic growth platform based on the intellectual capacity of its people. India is the biggest exporter in the world of business processes and information technology services. A country which in the past was categorized as a third world nation has transformed its economy and is now a global force in the information technology field.
The United Kingdom region, as well as other nations, have witnessed a widespread de-industrialization, the dismantling of former industries and the emergence of a competitive global economy in which a knowledgeable workforce has become the critical factor for success and economic progress (Kehily, 2007, p.156). In the past access to a college education was a privilege that was primarily determined by the economic resources of the student or the parents of these young persons. The United Kingdom’s government realized that in order to compete with other nations after the globalization movement they needed to improve the skills and abilities of its human capital. A major change in higher education in this society in recent times has been the expansion of this sector to make available .university education to more young people (Kehily, 2007, p.160). The United Kingdom’s government and the private industry are helping many young promising students gain access to higher education by providing scholarships and student loans to pay for their educational expenses. .