Economic Impact of International Education in Canada

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Economic Impact of International Education in Canada

Economic Impact of International Education in Canada

Economic Impact of International Education in Canada
In the outline Economic Impact of International Education in Canada Rosyln Runin & associates, offers thoughts on the functioning of the Canadian economy through the various variables of macroeconomics. This article will focus outlining the quantitative analysis of secondary data as noted in the parent article. Further, the review will offer recommendation on the best way the Canadian government could track the number of students who leave to study abroad in comparison to those who prefer to have their education in Canada so as it have a clearer picture of such an assessment.

The author begins by making a note of the figure applied by the outline to develop an overall framework. He notes that even though much of the data the research used is secondary, much of it was primary from institutions responsible to creating the figures. In essence, the outlines set objectives such avoiding double counting of the students to ensure much more accuracy. This meant the results used had to factor in the essence of education rather than focus on any other variable that focuses on the locals, yet would have the same level of impact on this economy. He follows this by giving definition of international education. The outline also categorises those students on would refer to as the international students. The research also marks the contribution by (Council, U. K. 2010) who notes that even though there is a high rise in the number of students who study abroad, in countries such as India or China, Canada still top in the number of students who prefer to study in Canada.
The research goes to identify the factors that encourage students to prefer studying in Canada. One of the factors that he identifies is the quality of education in Canada. In fact, in a Survey by CBIE (2009), most students note they would recommend their siblings and individuals from their nations to join in the Canadian education curriculum. The research also gave a special analysis to the different countries that have the same program with a comparison on how Canada fairs in comparison to other countries that seek to offer an international program. ACPET (2009) notes that the price of education in Canada may be high for international students in comparison to other countries that offers waivers to students. However, students still prefer education in Canada. The research goes further to note that by 2010, the level of spending from international students is expected to click seven point seven billion dollars. This could also include creating of over eight one thousand jobs, which could in return make revenue of about four hundred and forty-five million dollars.

The paper is analytical offering the tangible essence of the need of the government to make the investment in the Education sector as it offers a high level of return. The article also offers details on why the concern of the government should focus on laying platforms to increase the number of international students that join Universities in Canada considering other universities offer tuition waivers to some of the students that join their campuses. This would probably mean that in years to come the level of competition would be high since other universities are tapping into the international field. The article also notes that other industries also benefit with the increased number of students. Since, family members have to visit them while they are in school. This would mean that tourism activities would increase (Rosyln Runin & associates, 2012).

Australian Council for Private Education and Training (ACPET) (2009). “The Australian education sector and the economic contribution of international students. Retrieved on 3 October 2014 from www.voced.edu.au/node/26697
Canadian Bureau of International Education (2009). Canada First – The 2009
Education Statistics Across the World. Retrieved on 3 October 2014 from
Council, U. K. (2010). International student mobility literature review. Retrieved on 3 October 2014 from www.erasmus-uk.org.uk/hefce_bc_report2010.pdf
Rosyln Runin & associates (2012) Economic Impact of International Education in Canada Retrieved on 3 October 2014 from http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&cad=rja&uact=8&ved=0CDsQFjAF&url=http%3A%2F%2Fwww.international.gc.ca%2Feducation%2Fassets%2Fpdfs%2Feconomic_impact_en.pdf&ei=MVguVOi-Bc_gaNiugLgH&usg=AFQjCNELnMYOjoEsfbye2l9PM1qsKn2wYg&sig2=YO9XMBJiU_dKTv2c9DlZAA&bvm=bv.76802529,d.d2s
Survey of International Students.
Unesco. Institute for Statistics. (2010). Global education digest: comparing education statistics across the world. 2010. Enesco. Institute for Statistics.

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