The Economics and Ethics of Study Abroad

I came across this thought provoking piece by Richard Vedder.  He argues that a standardized assessment of study abroad should be implemented and that those who don’t pass should feel the pain of financial implications.

Vedder writes through the lens of an economist – as he directs the Center for College Affordability and Productivity.

Ultimately, his two questions boil down to:

1) Are we really serving students or our pocketbooks?

2) Who is watching the ethics and quality of these programs when the money is rolling in?

These are two VALID questions and in my opinion, they are NOT talked about enough in our field.  

Interestingly, he doesn’t mention anything about the danger and cost to nations of colleges (or any organizations) facilitating poorly planned programs that enhance intercultural incompetence. Certainly, there is also an economic cost to those issues.

Read his piece and comment below with your thoughts!