Creative destruction
The Economist reports on new development taking place in the sphere of higher education. Coined as one of the great successes of the welfare state, what was once the privilege of a few has become a middle-class entitlement. Now a new revolution has begun, based on 3 impacting factors: rising costs, changing demand and disruptive technology. The result of which, will be the reinvention of the university as we know it. Question is, as the old institution is turned on its head – will it lead the way to something called ‘creative destruction’?
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