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Trends & Developments in Higher Education
Free University of Tbilisi
Free University
Can we afford big full pledge university?
• Can Georgia have one at all? (at this point)
• Our economy is not large enough and we are not rich enough for sustainable big full pledge world class university
• The development of truly leading university is a function of economic size and individual wealth
Free University
Amount of Universities vs. GDPxGDPpc (based on ARWU top 500 ranking)
1 21 41 61 81 101 121 141 1611.00E+13
1.00E+14
1.00E+15
1.00E+16
1.00E+17
1.00E+18 668,794,000,000,000,000
117,388,600,000,000,000 163,226,000,000,000,000 190,558,800,000,000,000
128,110,200,000,000,000
51,418,900,000,000,000 71,162,000,000,000,000
95,480,200,000,000,000
18,561,200,000,000,000
47,475,900,000,000,000
14,526,600,000,000,000
66,983,400,000,000,000
6,867,360,000,000,000
1,360,700,000,000,000
27,491,440,000,000,000 32,019,000,000,000,000
18,753,000,000,000,000 15,012,720,000,000,000
25,840,220,000,000,000 20,908,300,000,000,000 21,879,440,000,000,000
4,179,560,000,000,000
12,437,550,000,000,000
6,870,660,000,000,000
23,100,000,000,000,000
13,320,000,000,000,000
7,669,440,000,000,000 5,359,080,000,000,000
47,244,020,000,000,000
2,743,470,000,000,000
1,712,280,000,000,000
4,604,640,000,000,000
1,869,450,000,000,000
5,850,950,000,000,000
11,315,700,000,000,000 7,773,380,000,000,000 7,997,670,000,000,000 6,102,750,000,000,000
2,579,510,000,000,000 1,987,960,000,000,000 1,550,672,000,000,000
GEO
Number of Universities in Ranking
GD
P x
GD
Ppc
Free University
Smallest players
• Smallest economies from QS top 500 ranking:• Lebanon GDP = 28 billion $, GDP per capita = 7300 $• Uruguay GDP = 28,3 billion $, GDP per capita = 9300 $
• Smallest economy from ARWU top 500 ranking:
• Slovenia GDP= 57 billion $, GDP per capita =27,200 $
Free University
What will happen with Universities
• University as business-model was invented more than thousand years ago. This highly integrated business-model was protected by very high entry barriers due to regulation, tradition and technology.
• New technologies and deregulation shall change the business-model, including vertical separation, outsourcing and customization
Free University
Competition vs. Regulation
• Best way to develop the effective tertiary education in Georgia is competition
• Competition should apply to any university• We can achieve more affordable, higher quality
and flexible educational system with prime focus on bachelors degree – the biggest demand for the nation today
• As regulation is the protective against changes, we need a bit of deregulation