Friday, October 07, 2011
[IWS} World Bank: The Road to Academic Excellence: The Making of World-Class Research Universities [6 October 2011]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
The Road to Academic Excellence: The Making of World-Class Research Universities [6 October 2011]
[full-text, 394 pages]
Press Release 6 October 2011
Building World Class Research Universities Is Significantly More Complex than Many Countries Estimate―New World Bank Report
Press Release No:2012/101/HDN
WASHINGTON, October 6, 2011 - In a global economy that depends on sophisticated innovation and knowledge to drive growth and wealth, a new World Bank report on higher education suggests that low- and middle-income countries should resist the temptation to establish world-class universities to cash in on research earnings and court global prestige before educating their own citizens to high tertiary standards.
According to the new report, The Road to Academic Excellence: The Making of World-Class Research Universities, which charts the experience of 11 leading public and private research universities in nine countries from Africa, Asia, Latin America, and Eastern Europe, elite research universities are outpacing the smartest companies in the world with their original research. In one recent global study on new patents, for example, leading universities and research institutions are driving more scientific strides in biotechnology than private companies and firms.
“Looking at the elite research and grant money cascading out of world-class universities, as well as their new thinking in the humanities and social sciences, you can certainly understand why countries might think that a top-flight research institution is all that stands in their way of reducing poverty, leaping forward in their national development, and establishing new footholds in the global knowledge economy,” says Dr. Jamil Salmi, the Bank’s Higher Education Coordinator, and a co-author of the new report. “But this decision cannot be simply tactical. It must be a long-term strategic decision that aspiring countries take, weighing all the facts, while banishing any notion of fast results.”
The new report concludes that top-performers in the research university world share three common characteristics, without which 21st Century universities cannot survive, let alone, excel: a high concentration of talented academics and students, significant budgets, and strategic vision and leadership.
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