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By Mok Ka Ho

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Obviously, 14 Quest for Entrepreneurial Universities in East Asia the emerging regional education hubs in Asia have inevitably transformed the patterns of international student mobility and induced intensified competition for students among these regions (Rivza and Teichler 2007). The international flow of students is not a new phenomenon, but student mobility has become increasingly frequent in recent years, particularly when Asian universities are expanding. Unlike the patterns of international student mobility in the 1970s and 1980s, when most international students chose their study destinations in Europe, the UK, and North America, students have begun to study in the Asia and Pacific region since the late 1980s, especially after the 1996/97 Asian financial crisis (Mok and Ong 2011).

In assessing the youth crisis in Europe in light of the major parameters outlined above, Mok and Green (2013) discover that the youth unemployment rate in EU27 is over double the overall unemployment rate. 5 percent). All these data clearly suggest that the massification of higher education in Europe has created significant social and political problems if youth unemployment continues unresolved. What makes the above situation even worse is when there is increasing cost competition for highskilled professional jobs due to the routinization of many graduate jobs (known as “digital Taylorism”) and the outsourcing of many high-skilled jobs to lowerwage countries.

5 percent). All these data clearly suggest that the massification of higher education in Europe has created significant social and political problems if youth unemployment continues unresolved. What makes the above situation even worse is when there is increasing cost competition for highskilled professional jobs due to the routinization of many graduate jobs (known as “digital Taylorism”) and the outsourcing of many high-skilled jobs to lowerwage countries. For example, China’s advancements in key fields such as nanotechnology, supercomputers, genomics, and stem cell research would attract major transnational corporations to outsource such jobs to them in order to maintain competitiveness and cost reduction.

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