The High Demand for Educational Exports

Since   there   is no economic barrier in educational exports, it has  become  one of the most profitable venture in the world . Similarly, most manufactured products suffer   trade   barrier between   nations.  China and the United States trade warfare  is one of  the  examples .  Against   this  background, the World Trade Organization was set up as a multilateral institution in order to minimize  trade barriers among member nations . However, the trade   barrier does not have so much negative impact  regarding the  export of   professional services  including educational exports. 

The preamble stage of educational export  began with the influx of students from other countries flying  to overseas in order to gain admission into  those most popular universities  in the world of which  the developed  countries universities  played  a significant role in the admission of students from all over the world. Evidently, several Affiliate Centers were established in most countries overseas pioneered by the University  of London  which was emulated by other universities across the globe.

Prior to the advent of the internet, only few famous universities and countries in the world were on the checklist to  foreign students seeking   to gain  admission. Most universities were not noticeable   until   the advent of the internet.

Very few universities from the developed nations had satellite campuses  overseas and others  could not due to economic reasons . The internet had made it very possible for primary,  secondary  and tertiary institutions  to go online which has now become the most popular method of learning attracting students from all over the world and making it become one of the most profitable venture in the world as several campus based traditional  university cost are curtailed  making it easily affordable and accessible.

                                             Online Accreditations

Since the online university business is seen as one of the most profitable venture in the world which can be established at a very low cost, most government institutions are equally going online in the educational sector and also encouraging  their citizens    to carry  high quality online educational programme that had little or no natural resources in order to boost their  foreign exchange earnings like the export of manufactured products  in the   low tax Export Processing Zones available in most parts of the world.

Such universities are encouraged by their government to be equipped in order to go online for the export of educational services as well like   locally manufactured and agricultural products.

Consequently, it has become possible for most universities operating online to gain accreditation from their respective government  in as much as they had the facilities and the technology required to go online in order to boost their foreign exchange earnings unlike other countries that had other national rescores they can depend on.