Overcoming Global Turbulence To Reawaken Economic Growth

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Three areas policy makers and business leaders can target to increase prosperity:

  1. Demand. In an era of near-zero interest rates, all leaders must go beyond their traditional role. Fiscal policy must explore new infrastructure– and social-financing models, monetary policy may need more unorthodox ideas in an era of negative interest rates, and microeconomic policy makers must continue to assess regulatory barriers to growth. Private-sector leaders can also adopt new mind-sets and strategies to find opportunities for productive investment.
  2. Productivity. Digitization could contribute more than $4 trillion by 2025, at a conservative estimate. Expansion of global flows could spur further growth: if all countries had matched the top quartile of connected countries over the past decade, global GDP today would be $10 trillion, or 13 percent higher. The Internet of Things could usher in the next wave of technology-driven productivity growth.
  3. Inclusion. To realize the benefits of broader-based economic growth and halt growing inequality, all leaders must help boost labor-market participation and smooth social costs that are a by-product of growth. For example, equalizing labor-market participation by women could add up to 26 percent to global GDP by 2025.

Universities need to be aware of these so that they can contribute to the action items needed by society.

The Obsession with Rankings in Higher Education (a World Bank webex seminar)

COREHEG, the Tertiary Education Community of Practice at the World Bank Group 

invites you to a session on:  The Obsession with Rankings in Tertiary Education: Implications for Public Policy  

Wednesday, January 28, 2015 | 9:30 – 11:00 AM EST | Room G7-140, Washington, DC

The event will be available online.  Please click here to join via WebEx

Meeting number:  733 096 040;  Password:  COREHEG1

If attending personally please be aware that space for attendance is limited, so please RSVP here:          Outlook Users, Click this link    Lotus Notes Users, Click this link. Otherwise, send an email to mlacdao@worldbank.org

Tertiary education in the world has experienced rapid change in response to developments occurring at national and international level. Today, universities’ performance worldwide is increasingly being measured using a wide array of rankings which have been developed by governmental and/or commercial agencies, at both national and international level. At the same time, they have provoked numerous debates all over the world about advantages and limitations, and, even more, about the purpose of tertiary education and appropriate ways to measure its activities and consider its contribution to society and the economy.

During this session, Prof. Ellen Hazelkorn, a leading expert on the topic, will discuss how rankings are impacting and influencing the development of institutional strategies and processes, and what are the implications that the rankings have in influencing public policy at national levels. She will share the results of a recent study conducted by the European University Association in which the impact on institutional decision-making was analyzed.

The session will evolve into a discussion of the implications that tertiary education rankings have in shaping educational and economic policies in several countries.

Presenter: Prof. Ellen Hazelkorn

ELLEN HAZELKORN is recognized as one of the leading scholars studying higher education rankings and their impact in government policies and on institutional decision-making. She holds a joint appointment as Policy Advisor to the Higher Education Authority (HEA) and Director of the Higher Education Policy Research Unit (HEPRU) at the Dublin Institute of Technology (Ireland). She is also President of EAIR (European Higher Education Society) and Chairperson of the EU Expert Group on Science Education. She has wide-ranging expertise across the fields of higher education policy and higher education, including: governance, leadership and management issues and challenges, with particular reference to new universities/HEIs; institutional research strategy and national science policy; national and institutional systems of evaluation and rankings; and across teaching, learning and research in the arts, humanities and social science, and in science education. Professor Hazelkorn has authored/co-authored over 90 peer-reviewed articles, policy briefs, books and book chapters. Some of the recent publications in which she has been author, coauthor or editor include Rankings and the Reshaping of Higher Education: The Battle for World-Class Excellence (Palgrave 2011; forthcoming 2nd ed. 2015), Rankings and Accountability in Higher Education: Uses and Misuses (UNESCO, 2013), Rankings in Institutional Strategies and Processes: impact or illusion? (EUA, 2014), and Global Rankings and the Geo-Politics of Higher Education (Routledge 2015). Sheworks as a consultant/specialist with international organizations and universities, and as member of various government/international review teams and boards. She has over 20 years senior experience in higher education, holding positions as Vice President of Research and Enterprise, and Dean of the Graduate Research School, (2008-2014), and Vice President and Founding Dean of the Faculty of Applied Arts, Dublin Institute of Technology (1995-2008). She was awarded a BA and PhD from the University of Wisconsin, Madison, and the University of Kent, UK, respectively.