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  • US: Capital inflow through internationalization

    - Higher education is great business in the United States. Due to the continuing popularity of its universities among international students, America adds $21 billion to its economy.

    The U.S. is enjoying great popularity among international students. During the 2010/2011 academic year foreign student enrolment has increased by 5% to a total of 723.277. Within the last decade this number has grown by 32%. The American Institute of International Education (IIE) published these numbers together with the U.S. Department of State's Bureau of Educational and Cultural Affairs in its recent report "Open Doors 2011".

    Leading country of origin remains China (158.000) representing 22% of the international student population in America.  India comes in second (104.000) and South Korea third (73.000). Most popular destination within the States is California with 96.535 overseas students.

    $21 billion from HE-related services

    These international students also bring significant amounts of cash into their host country as numbers show. 70% of their primary funding comes from sources outside the United States. The U.S. Department of Commerce estimates that this adds $21 billion (€15,32 billion) to the economy through tuition fee and living expenditures.

    "Higher education is among the United States' top service sector exports, as international students provide significant revenue not just to the host campuses but also to local economies of the host states for living expenses, including room and board, books and supplies, transportation, health insurance, and support for accompanying family members," IIE points out in a public statement.

    "Because of the excellence and diversity of our colleges and universities, more students worldwide are choosing to study in the United States. Young people who study abroad gain the global skills necessary to create solutions to 21st Century challenges. In turn, international students globalize our campuses and communities," commented Ann Stock, Assistant Secretary of State.