The Commodification of Tertiary Education within a Knowledge Economy

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Vol: 13, Issue: 1

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Dreyer, Wayne; Kouzmin, Alexander
Globalization; Knowledge; Knowledge Capitalism; Knowledge Economy; Knowledge Management; Management education; Neo-liberal Economics; Neo-liberal Ideology; Privatization; Rent-Seeking Behaviour; Tertiary Education.
article description
This paper investigates the relationships between globalization, the knowledge economy and “rent-seeking” culpability in tertiary education. It discusses current issues and debates about the knowledge economy, asserting that knowledge has now emerged as a new factor of production in global capitalism.The debate about the effectiveness of universities is re-positioned by refocusing critical debate on the first of many issues involved - education as an economic commodity. The other issues which need closer scrutiny are the emergence of mass universities; commercial subservience to industry; changes in organizational governance; knowledge creation processes; the institutional impact of new technology; life-time learning; and post-graduate management training.