The Education Business

An education has been a basic human right since 1952 with the signing of the European Human Rights Convention. High levels of education have benefits for the economy as a whole and on an individual level. Higher rates of education lead to higher growth levels for the economy and a well educated individual could expect to earn considerably more over the course of a career than his less educated compatriot.

In many countries around the world there has been a trend towards private education providers rather than a state education. A private education has a number of advantages over a state education. Generally private schools have smaller class sizes and the best teachers attracted by higher salaries in the private sector. Also they tend to have better infrastructure such as more modern buildings and equipment. Most importantly of all they achieve significantly better results than their state run counterparts.

In America virtually all higher level education has to be paid for unless a scholarship can be obtained. There is a massive market for the education of overseas students in America and other countries with a well developed educational system. A university education will be expensive but it is seen as a long term investment in the hope of achieving higher earnings over the lifetime of a career.

While private providers of education are achieving better results and higher standards than state run institutions there will always be a demand for their services. With an education seen as a long term life time investment there will always be a demand for high quality, proven education providers.