Economics of Internationalisation of Higher Education in the Post-Pandemic Era

Abstract : Higher education is crucial to economic growth. When a nation develops, it usually spends its resources first on school education and then on secondary education. After attaining a particular stage of economic development, it spends more resources on higher education. Most developed economies are top destinations for international higher education, including cross-border higher education. The Covid-19 pandemic has wreaked havoc on most nations and the impact is being felt across sectors including higher education. Further, even during the pandemic, diplomatic engagements are too active and explicit, implying rearrangement in the existing global order. This article attempts to explore how the economic, technological and diplomatic factors would play out in the medium and long term and what would be their implication on internationalisation of higher education, and more specifically on cross-border higher education. Keywords: Economics of Internationalisation of Higher Education, Internationalisation of Higher Education, Higher Education, cross-border higher education, Covid-19, Pandemic.