Institutes that taught technological courses and polytechnics as they were known have been in existence since the 18th century. These became very popular after the Second World War with the sudden increase in technical education necessitated by the wave of industrialization that swept through the world on the back of the rapid technological advances that had been encouraged by need for newer ways of waging war during the conflict between the major powers.
These institutes gradually turned into technical universities when they expanded their courses to offer masters and doctoral degrees that the rapidly expanding industries demanded. Some of them also turned into research institutions, generally government funded. This infusion of huge funds led the technical universities to become totally independent institutions that offered education and degrees that allowed their students to go out into the world and demand their own terms. Technical Universities like CalTech, MIT, Virginia Tech, Indian Institutes of Technology saw their graduates dominating the industrial world and these universities are all regarded as fully chartered universities with long histories and many illustrated alumni.
Some European Institutes have preferred to keep their original charters for institutes of technology and polytechnics, but they also award degrees and doctorates that are coveted and recognized all over the world as equivalent if not better than the best technical universities.
There have been however a number of countries that have simply upgraded their existing polytechnics, which were more vocational education training centers, into centers where they offered degrees as well and just simply changed their name to suit the designation of a university. This has been especially prevalent where there is no governmental control on higher education, and it is doubtful whether such technical universities really have the infrastructure, faculty and methodologies to be deemed universities. This has led to their graduates joining the band of the unemployed as the products of such technical universities are not considered employable.
The concept of employability has really to be a performance indicator for any up gradation in an institute and it is only such technical universities which do well in this aspect can really claim to be the right type of technical university. Instruction and training imparted by technical universities which would transform the individual into an employable technical person who would enhance the institution he joins with his own inputs based on the training that he has received.
Globalization has had an impact on development of technical universities all over the world and the rapid movement of skilled workers and technical persons into slots in industries all over the world has led to a standardization that can only benefit the development of knowledge and skills of students in all technical universities. It has even led to some technical universities offering courses online or through distance education. A number of universities in Asia use the services of more reputed technical universities to provide education to students on their campuses locally so that they have the benefit of the high standards of those universities while being able to still attending local facilities.

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