The future looks very bleak for many small and medium-sized colleges and universities in the U.S. Amid all the gloom and doom, though, there is one strategic opportunity for small to medium-sized universities: incorporating carefully designed international student recruitment into the overall recruitment plan for the next five to seven years.

When it comes to creating an international campus, America's universities are far better at welcoming faculty and students from abroad--and sending students to study abroad--than in truly elevating global consciousness. Simply having foreign individuals on campus doesn't make global citizens of the rest. Exposure is hardly sufficient. Like…

Queensland University of Technology (QUT) exemplifies the engagement work at the forefront of Australia's efforts to move its universities into a central role in addressing the global economy. QUT not only has devoted much discussion to how a university might stimulate the creative economy (or, as they call it, "creative industry"), but…