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Exploring Georgia's Higher Education: Can We Afford a World-Class University?

This analysis delves into the challenges and opportunities for establishing a world-class university in Georgia. It highlights the connection between a country’s economic size and the development of leading educational institutions. With a focus on sustainability, the text examines the implications of competition versus regulation in higher education, suggesting that while Georgia's economy may not currently support a large, fully-funded university, strategic deregulation and competition could enhance the educational landscape. The emphasis is placed on creating an affordable and high-quality system tailored to meet the nation's needs.

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Exploring Georgia's Higher Education: Can We Afford a World-Class University?

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  1. Free University of Tbilisi Trends & Developments in Higher Education

  2. Can we afford big full pledge university? • Can Georgia have one at all? (at this point) • Our economy is not large enough and we are not rich enough for sustainable big full pledge world class university • The development of truly leading university is a function of economic size and individual wealth

  3. Amount of Universities vs. GDPxGDPpc(based on ARWU top 500 ranking) GDP x GDPpc Number of Universities in Ranking

  4. Smallest players • Smallest economies from QS top 500 ranking: • Lebanon GDP = 28 billion $, GDP per capita = 7300 $ • Uruguay GDP = 28,3 billion $, GDP per capita = 9300 $ • Smallest economy from ARWU top 500 ranking: • Slovenia GDP= 57 billion $, GDP per capita =27,200 $

  5. What will happen with Universities • University as business-model was invented more than thousand years ago. This highly integrated business-model was protected by very high entry barriers due to regulation, tradition and technology. • New technologies and deregulation shall change the business-model, including vertical separation, outsourcing and customization

  6. Competition vs. Regulation • Best way to develop the effective tertiary education in Georgia is competition • Competition should apply to any university • We can achieve more affordable, higher quality and flexible educational system with prime focus on bachelors degree – the biggest demand for the nation today • As regulation is the protective against changes, we need a bit of deregulation

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