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Degree is a little misleading. It is actually more of a diploma in most places. The idea is that it is an internationally recognized program, and students can get college credit for a year or two's worth of classes if they finish the program. It is similar to Advanced Placement.
You can google it to find out more. Basically, in Europe it is an alternative system of completing school that is recognised internationally. It focuses on a wide range of subjects and is said by some to be more comprehensive and to involve deeper engagement of critical skills than other national systems of education.
Based upon the fact that I had never heard of the International Baccalaureate Degree, I had to look it up. What I found was that it is a mode of education provided to students, ages 3-19, which focuses upon learning how to live in a global society. Two of the links I found most beneficial are:
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