At another level, there is a “stock market” mentality emerging in international student enrollment domain where stakeholders closely watch annual shifts in enrollment figures. However, it is important to look into long-term trends of emerging and declining markets. Here are some contrasting trends with four markets–two declining and two growing.
In contrast to Japan and Indonesia, Nepal and Vietnam have shown robust growth over a decade. Vietnamese students in the US have grown by more than six times in a decade. Even Australia gained from the demand of Vietnamese students by 167% in four years from 9,634 in 2007 to 25,788 in 2010. Likewise, Nepalese students in the US have grown by nearly three times in a decade. Australia saw a strong growth in Nepalese students from 9,106 in 2007 to 22,019 in 2010 (142% in four years).
This growth in internationally mobile students from Nepal and Vietnam is primarily driven by growing aspirations of expanding educated classes which in turn is supported by economic development. Both Vietnam and Nepal saw their GDPs grew by nearly three-times in a decade. What are your thoughts about these markets?
Dr. Rahul Choudaha