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Dr. Peterson Savannah Council on World Affairs: US Dr. Peterson Savannah Council on World Affairs: U.S. Higher Education Goes Global Thursday, April 25, 2013, Coastal Georgia Center, Savannah, GA Title Slide Thank you for inviting me to talk with you this evening. Members of the Savannah Council on World Affairs are to be commended on your global focus. When you began about 30 years ago, you were definitely ahead of your time. I noticed from your Website that each year you provide a stipend to four undergraduate students so that they can have the opportunity to study abroad in the summer. This is tremendous, and potentially life changing for the students. Slide 2: Changing Expectations for Higher Education In October Time ran a cover story titled “Reinventing College,” as part of a special report on higher education. Their exclusive poll revealed that 80% of those surveyed think college is not worth the money. They highlighted $900 billion in college loan debt. There is an increased focus on return on investment. One of the stories referred to an iron triangle of what were termed the three big interrelated challenges facing America’s colleges and universities: access, cost, and quality. Slide 3: Changing Expectations: Employable and prepared to Adapt and Lead We are in a time of changing expectations for higher education. It is no longer acceptable for universities just to enroll good students and graduate them. Today, universities are expected to ensure that graduates are both employable and prepared to adapt and lead in an ever-changing world that many times requires an interdisciplinary approach to developing solutions to grand challenges. Slide 4: Employability A Georgia Tech degree is a sound investment as evidenced by March 2013 coverage in The Wall Street Journal reporting that Georgia Tech had a higher financial return on investment over a 30-year period than other comparable institutions. Georgia Tech graduates continue to be in high demand because of the value of their degree, and their preparation to be innovative in developing solutions. For two years in a row, SmartMoney magazine has named Georgia Tech as number one in the U.S. for return on investment. The magazine took the average tuition for each institution, and calculated starting salaries of new graduates as well as salaries of alumni from each institution 15 years after graduation. Georgia Tech came out on top. Slide 5: Changing Expectations: Move research to the consumer While there has long been an expectation that our research universities would perform fundamental research, today there is an expectation that they will move that research to the consumer and enhance economic development of the region and nation to create more jobs. Slide 6: Core Research Areas at Georgia Tech We believe that much of the research that will change our world will be interdisciplinary in nature, and as a result we continue to work to create the world’s foremost innovation ecosystem, that incorporates the pursuit of “game changing” research and moving the results toward commercialization. This will provide our industry partners with a competitive advantage, while benefiting the economy and society. Our industry partners often tell us that while they value the research taking place here at Georgia Tech, they especially value the access to our students. They tell us that they bring a new level of creativity and innovative thinking, and are job-ready upon graduation. Georgia Tech’s strategic vision and plan, Designing the Future, infuses innovation and entrepreneurship into all aspects of the Institute, including research. Tech’s research and economic development activities have been organized into 12 areas — including biomedicine and bioscience, energy, manufacturing, materials, nanotechnology and national security — to align with strategic industry and commercialization opportunities in the state of Georgia. Slide 7: Creating an Innovation Ecosystem Research universities play a key role in regional economic ecosystems. They attract business and industry, partner in research, help to get innovations from the lab to the marketplace, and educate students who often become the intellectual talent that business and industry seeks. Georgia Tech has several programs to accomplish that goal. The Institute is taking a leading role in creating an innovation zone in Midtown, Atlanta. What was a blighted location just 10 years ago is now fast becoming the center of the entrepreneurial community in the Southeast. The mixed-use area is a testament to what is possible through a partnership between higher education, the state, and business and industry. Slide 8: Changing Expectations: Being Global Being a regional or national university is no longer acceptable. American institutions of higher learning are expected to be global in nature and to provide lifelong learning opportunities for the world using advanced technology. It is this third point that I will focus on today. Slide 9: Global Engagement at Tech Current trends Over the past ten years, many universities have dramatically expanded their international activities, including with branch campuses and joint Institutes abroad. Today, most are finding it difficult and some are questioning the real value that is returned to the home campus. While there will not be a shift away from the importance of global engagement, the next ten years will be marked by the search for the right models of engagement. Global Engagement at Tech There are many forms of global engagement abroad, each with a different purpose, all essential to Georgia Tech’s mission. All must carry the mark of excellence of Georgia Tech. Our brand of “One Georgia Tech” carries for international initiatives in the sense that Georgia Tech should not be a multinational (with delocalized, franchise-type independent activities – where quality is difficult to control) but rather a truly global entity, where each initiative is deeply connected to the main campus. The main forms of Georgia Tech global initiatives abroad are: o “The Student Enrichment”: using study/work/service/research abroad to broaden our students’ education (skills, knowledge, and character). Preparing the global citizen. o “The Lab”: using specific locations around the globe as “labs” for global issues: e.g., o Trade and Logistics at Panama Canal or in Singapore o The role of information and communication technology is social, economic, and political development in Africa (M. Best’s research) Our faculty are engaged in research around the world, and many times students are included in that work. For example, Georgia Tech faculty are creating a model to forecast flooding in Pakistan as many as 10 days in advance. They’re involved in interdisciplinary research to find new, more effective ways to fight diseases. They are working on solutions to such global challenges as air pollution, energy, and clean water all over the world, as well as big data and cyber security. o “The Network”: Partnering with the very best in a network of excellence to solve global challenges – and open new opportunities (including funding): e.g., o GT’s partnership with CNRS in France at Georgia Tech Lorraine, and vast network of EU funded research partners; the Lafayette Institute that will provide an entry point in the EU for IEN and EI2 – an international innovation portal. o Bringing international partners to Atlanta o “The (For-Profit) Service Provider” that extends our influence through Professional Education / GTPE / accreditation/ advice and consulting activities to help others develop their own programs (e.g, Puerto Rico initiative) o “The Educator Provider”, especially for the developing world: where MOOCs meet Global. If the level of education increases in the world, it will increase the overall world economy and benefit all. Slide 10: Study Abroad Slide We are committed to offering students the opportunity to study abroad. Forty three percent of our undergraduate students have some form of international experience during their undergraduate career, including work, study, or research abroad, as compared to the U.S. national average of 10 percent. Each year when talking with graduating seniors I frequently ask them about their most meaningful experience during their years at Georgia Tech. I have yet to have someone tell me “It was that chemistry lab,” or “I really loved statistics.” More often than not, it is about an international experience. Students with an international experience on their resume are generally more marketable when it comes to finding that first job out of college. I used to think that they were hired because of their specific experience in a foreign country. I have come to realize that it is because their outlook changes. Our world economy is becoming more interconnected as technology continues to break down barriers. Even if graduates don’t end up working for an international company or working abroad, chances are that they will interact with individuals and companies from around the world, including clients, colleagues, manufacturers, suppliers and researchers. Slide 11: Tech’s Global Focus Georgia Tech partners internationally on everything from research and teaching to logistics. We have several international research and education platforms, dual degree programs with numerous international universities, and more than 100 international agreements with top universities around the world. Georgia Tech has grown into one of the most globalized universities in the world, with partnerships in more than 30 countries and campuses and operations in France, Ireland, Costa Rica, Panama and China. Georgia Tech students represent 118 countries. We are committed to ensuring that our students understand science and technology in the context of different social, economic and cultural domains. Georgia Tech is committed to leadership in improving the human condition in Georgia, the United States, and around the globe and the Institute’s global positioning strategy includes helping to educate those here in Georgia, those in our nation, and those around the world who aspire to help create a better environment for all people.
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