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Saturday, July 05, 2008
The Web Finds A Job - online learning is coming into its own - Emily Flynn Vencat, NEWSWEEK
Like so much on the Internet, Web classes stumbled after being hailed as the next big thing in the late 1990s. The first movers, like the London School of Economics' Fathom or NYU Online, failed--losing hundreds of millions of dollars-- because students in the West prefer to attend class (and parties) on a real campus. But online or "distance" learning is now an established and rapidly growing industry, mainly in Asia and the developing world. Market analysts at IDC predict that the global market for corporate e-learning will soar from $8 billion last year to $26 billion by 2010. In the United States, 65 percent of graduate schools now offer online courses, available to students anywhere in the world.
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