Document Type
Presentation
Publication Date
7-1-2025
Research Center
Center for Economic Development
Abstract
We explore the profound economic impact of small liberal arts colleges faltering and failing in various countries. These institutions have long been the backbone of their communities, providing stability and growth. However, due to declining birth rates, pandemic recovery, high costs, cultural shifts, and waning confidence, many are struggling. Our research investigates the economic consequences of this large-scale rightsizing of the university system across five continents, highlighting differences in higher education supply chains and interconnectedness. We'll delve into the specifics of enrollment trends, closures, and financial challenges in the U.S., Chile, England, South Korea, and Egypt, and analyze the ripple effects on employment, GDP, and local economies.
Repository Citation
Blazek, Kristen A., "When Colleges Drop out of the Economy" (2025). All Maxine Goodman Levin School of Urban Affairs Publications. 0 1 2 3 1866.
https://engagedscholarship.csuohio.edu/urban_facpub/1866
