ABSTRACT
Academic mobility and education exchange across borders has long been a central feature of higher education. In recent decades, trade in education services has become a major business in a number of countries. Australian export revenue from higher education services was about $18.6 billion in 2009 while United States' receipts of export revenue from higher education services reached $17.8 billion in 2008, with a positive trade balance of about $12.6 billion. The top three countries of origin of students, accounting for almost a quarter of all international students, are all Asian. Chinese students alone account for around students 15 per cent, Indian students account for 5 per cent and Korean students for 4 per cent of the world's mobile students.
