[photopress:mba_Chinese_unis.jpg,full,alignright]Worry not, for the moment, at the amount of Chinese students studying in United States. Consider the problems of Europe.
Roughly 400,000 European scholars currently reside in the US, and almost 60% of European citizens who received doctorates in US from 1998 to 2001 chose to remain there.
There are twice as many Europeans studying in the US as there are Americans studying in Europe
Less than 2% of the European Union’s GDP is devoted to research, compared to 2.5% in the US and 3% in Japan.
Spending per student on tertiary education is just over $9,000 in France, slightly under $11,000 in Germany, and almost $12,000 in the UK.
The United States spends more than $25,000.
Measuring quality of output is more subjective.
The Times Higher Education Supplement put three European universities — Oxford, Cambridge, and Imperial College in London — into the top ten in the most recent list; all the rest were American. (In fact, checking, one finds this is incorrect. CEIBS was in there as well.)
The author of the article writes that China represents more than mushrooming factories and low-cost semi-skilled labor. Just as in Europe an industrial revolution is also creating an ambitious new middle class that is willing and able to send its children to university.
But in today’s world, students and researchers choose a university much as consumers shop in the international marketplace.
EU governments are stuck in a vicious circle: ‘The universities will get no more money unless they reform, and they cannot reform without more money’.
Although this article was written by Lykke Friis who is Pro-Vice Chancellor of the University of Copenhagen and was pleading a special case his conclusion that expenditure, controlled expenditure, is required to keep univerities universally competitive is unarguable. And this follows to the point that at the moment many if not most Chinese universities are heavily in debt and thus expansionist plans must be on hold.
Source: Daily Times