More International students move abroad every year for studies. Developed countries every year set plans to attract more students from around the world. They help to improve their economy, strengthen their labor force, and also grow academic popularity.
There are a lot of benefits for students studying abroad, but then, the host nation also has a lot to gain from the contributions of international students.
Education is not cheap, it is one of the most expensive self-investment, and if you aren’t properly prepared for it, you fail badly at it.
But, many country especially developed countries understand the importance if not the power of education. This is why you see countries like the US, the US, Canada, Germany, etc. investing heavily in education, and also opening their door to foreign students around the globe.
Allowing Foreign students for studies has recently become a strategy for improving a nation’s economy and strengthening the labor force of most countries.
Foreign students have become very crucial to so many developed countries. Not just the economic impact, but the all-round contribution to nations’ popularity. In 2018, the US witnessed a whopping $45 billion increase in the national economy from international student contributions.
Reasons why international students are needed in developed countries
many university values the skills, innovation, and the different cultural diversity international students bring to the school.
The different academic and cultural values students bring to campuses have great value, and can be eye-openers for the host country. The skills and expertise, especially from foreign Ph.D. students, can help improve the host university and strengthen their international partnership.
Foreign students contribute immensely to the host nation’s economy. With money from visas, tuition fees, transportation fees, housing, food, and groceries, etc. the yearly revenue scales up tremendously.
So many developed countries need to improve and strengthen the labor force. Replacing aging workers with fresh, skilled, and innovative graduates trained in the country.
Countries allow international students to work while they are still studying. In that way, they gain some working experience that would enable them to integrate faster into the labor force. To retain international students, some developed countries like Canada offer them a pathway to permanent residency.