My take on this is that universities are realizing that if MOOC credit transfer and recognition doesn't happen with them, it will most certainly happen without them, so if they don't want to be left behind, they had better jump on board. They're being cautious, though. As the article notes, "This will require the consortium to develop a system of reliable testing for Moocs and to develop coding systems to measure the level and weight of each course, as well as to examine the entry requirements for each module." But the end result would be like the airline alliances. "An individual airline 'may not fly somewhere, but this alliance means someone can book a ticket with you to almost any destination in the world.'" That may sound like a good thing, but it's not. It freezes out competitors and acts as a disincentive for cooperation outside the alliance.
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