This case study aims to analyze accreditation system in business education, both
global and domestic ones, to show challenges and remedies to improve foreign
trade education and its recently-adopted accreditation system. Included for analysis
in this study are AACSB, EFMD, AMBA, ABEST21, and KABEA, followed by some
literature survey.
Results show that business education has around a century history of
accreditation, originated from U.S.A, based upon market-based paradigm. In spite of
low market entry barrier, accreditation system tends to evolve into fairly
monopolistic one backed by consumer surplus. And there are pros and cons over
accreditation system such as effectiveness, fairness, validity, and efficiency.
Case review of several accreditation agents reveal that concerns have existed over
their scope, goal, method, standard, people, benefits, limit for growth, and
operation system. Foreign trade education and accreditation should take those
preceding experience into consideration in order to sustain itself with increasing
popularity.