|  In Australia, Opposition party has explicitly stated that the growing trend of offshoring their jobs to country like India can be a matter of concern, if the country did not invest more in higher education. And as a result, high-skill "knowledge jobs" may follow the manufacturing sector.
Stephen Smith, opposition education spokesman, said that in past ten years, Australia had missed innumerable low, semi and unskilled jobs by outsourcing their jobs to developing countries like India. Smith notifies that these job cuts would be folded back in higher skilled sectors, except under the circumstance, if the spending on higher education was increased.
In Melbourne, Smith told the Higher Education Summit that within three years, more than 145,000 Australian jobs were lost since 1996, 60,000. He said that in the next 20 years we will be also at risk of losing the high-profile jobs if we are not going to be cautious.
Smith said that by 2010, there would be 25 million tertiary students in China, and India too is making major investments in higher education.
Smith said that both treat investment as a strategic investment in high education. In addition to this, he said that they both posed an economic and social challenge to us. While some of them may put up the question regarding the quality of the education which these students are currently receiving. Both countries, like others in our region, understand and appreciate the value of a high quality education.
Smith said that Australia's expense on education, at 5.8 per cent of GDP, was behind that of 17 other OECD countries. He added that we have to acknowledge the significance of education, both as a basis for productivity and economic growth and as a necessary ingredient for the well-being of our people.
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