Globalization is changing the way the world works, and employers are increasingly looking for workers who have cross-cultural competence and cutting-edge technical skills.
PricewaterhouseCoopers predicts that by 2050, the E7 (China, India, Brazil, Russia, Indonesia, Mexico, Turkey) will be than 50% larger than the G7 countries (U.S, UK, France, Germany, Italy, statesCanada, Japan) when measured by GDP at market rates. The National Intelligence Council’s “Global Trends Report” projects that China will surpass the UStates as the world’s largest economy by 2030. A recent study by the British Council, entitled Culture at work, shows that employers are under strong pressure to find employess who have both technical knowledge and “soft skills” such as critical thinking, problem solving, time management, and communication are deemed necessary for success in a global workforce.
At the same time, there is a mismatch of skills of graduates today and what employers are looking for. The Global Risks Report 2104 indicates structural high unemployment/underemployment as one of the top global risks over the next decade. The generation coming of age in 2010s in advanced countries face high debt and are not prepared for the workforce.
Study abroad is one of the best ways students can acquire global skills and open up personal and professional opportunities.
Study abroad is a life-changing experience for many students, opening their eyes to different ways of life and promoting understanding and tolerance. By looking at research on the more directly quantifiable aspects of study abroad impact, studies show students who study abroad have better grades, experience less attrition, and graduate from higher Institutions at a higher rates than students who do not study abroad.
- An analysis by the SAGE Research Project of 6,000 alumni over 50 years demonstrates that study abroad has a substantial long-term impact on individuals’ career paths and global engagement.
Employers value study abroad experiences in the workplace
Study abroad is essential to future employability, earnings potential, and the economic well-being of students and communities.
OST aims to break down the perceptions of study abroad as expensive and elitist, hereby creating the awareness and granting the access to the TUITION FREE STUDY PROGRAM offered by the German Government. Study abroad now becomes affordable and the institutions have many resources available to help students and their parents plan accordingly. We must ensure that this generation and future generations of the Global workforce possess Knowledge of other countries and cultures and are competent in Languages other than their native languages.