Australia could soon enter the lucrative international high school education market, pawning its certifications, assessments and teacher training to institutions across Asia, the Sydney Morning Herald reports this morning.
A report from the NSW Education Standards Authority (NESA) in January highlights the economic opportunity for selling Australian education, with the English-medium school market in traditionally non-English speaking countries expected to generate almost US$95 billion by 2028 (nearly doubling from US$47 in 2018).
Australia’s curriculum is currently offered in just 89 overseas schools, representing 0.01% of the market. It generated just $521 million in 2017. This is compared to $20 billion made from tertiary education, the country’s third largest export.