The first universities in Europe were characterized by international student and faculty mobility that current universities can only dream of. During the 20th Century, the growing need for educated labor force led to the birth of the regional universities. The faculty and students came from the same region, and the regional language became the language of instruction. Most business schools in the Baltic Sea region were established during the 20th century to serve the educational needs of their regions. When entering the 21st century, there are, however, many new trends that may change the position of the regional business schools.