When people think about globalization, most focus on sweatshop labor and the loss of manufacturing jobs overseas. It is easy to understand the race to the bottom that results as factory workers in one place face more intense competition from lower-cost labor on the other side of the world. College teachers would do well, however, to include their own future prospects as they consider the impact of globalization over the coming years. The university will be a very different place in another decade or two, and what it will look like depends to a large degree on what version of globalization wins out.

Today we are often told that education must be made more efficient by being forced into the market model, moving away from the traditional concept of education as a publicly provided social good. This neoliberalism—the belief that today’s problems are best addressed by the market, and that government regulation and the public sector should both be as minimal as possible—is not unique to debates over education: it dominates economics, politics and ideology in the U.S. and most of the world.

There are three elements involved in the neoliberal model of education: making the provision of education more cost-efficient by commodifying the product; testing performance by standardizing the experience in a way that allows for multiple-choice testing of results; and focusing on marketable skills. The three elements are combined in different policies—cutbacks in the public sector, closing “inefficient” programs that don’t directly meet business needs for a trained workforce, and the use of computers and distance learning, in which courses and degrees are packaged for delivery over the Internet by for-profit corporations.