Can Higher Education Foster Economic Growth?—A Conference Summary
Last Updated: 02/14/07
On This PageMarch 2007, No. 236a
While higher education is being asked to perform more roles in the local economy, specific pathways for influencing local and regional economic transformation are still being identified. On October 30, 2006, the Federal Reserve Bank of Chicago and the Midwest Higher Education Compact held a conference on higher education and economic growth.
The Midwest’s higher education institutions represent a primary asset to the region’s economy, providing highly skilled human capital and research and development potential for new businesses and technology transfers. While other economic actors have an increasingly global perspective and less direct interest in the local economy, higher education is being asked to fill new roles regionally. Would a direct economic development mission compromise traditional roles of higher education in teaching and research?
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