This book offers a first look at transnational education corporations,
new firms that operate international schools. The quiet rise of
transnational education corporations - or TECs - has implications for
education systems around the globe, as corporate interests gain a
greater stake in the way schools operate. The story of their ascendance
links government policies in one corner of the world with profound
effects in others.
In the past decade, TECs have burst onto the international schooling
scene. Private firms, publicly listed firms, and private equity groups
have transformed international education into an industry valued at over
USD 30 billion. Nowhere has the impact been stronger and more sudden
than in Asia. The top three international education firms with a
presence in Asia run more than 20 schools in East and Southeast Asia
with another six in India. Each educates tens of thousands of students
around the globe and has an annual revenue of over USD 300 million. TECs
offer a window onto the creation of new markets and the complex
positions of governments in regulating social affairs. This book helps
readers to understand who these firms are, what they do and how they
have grown.