Economic rationalism: serving tertiary business education needs? The Australian case

Economic rationalism is a major driver of the education system in many parts of the world. In the scramble to facilitate economic rationalism, the education needs required at national level to keep nations, like Australia, competitive into the twenty‐first century have not been fully considered. Such countries have ignored the needs of education for the first‐tier requirements of global organisations. First‐tier decision making is that aspect of centralized decision making activities, usually in highly developed countries, undertaken by those who can direct and control organizations, confining the rest of the world to lower levels of activity and income. Income, status, authority and consumption patterns radiate out from this tier along a declining curve. Neglecting the needs of the first tier has relegated education users to a follower, second‐ or third‐tier position. This paper considers this three‐tier system and how it relates to the Australian context that aspires to a first‐tier position.