Nigel Banister is the chief executive officer of Manchester Business School (MBS) which is part of University of Manchester.
MBS, ranked the fourth best business school in the UK by a Financial Times survey, has a center in Shanghai with around 300 students.
Meanwhile, back in Manchester (which claims to be the largest university city in Europe), MBS has more than 2,000 Asian graduates, representing about 20% of the total, with most Asian students coming from China.
Nigel Banister said, ‘We could expect more applications for courses while business managers will not find it so easy to give good performance during this difficult time. We’ll need more creative solutions to the problems.’
He said the global crisis as triggered by the US financial meltdown could lead to a shifting of global economic power towards Asia, especially China.
International business partnerships might undergo drastic ownership and other changes as a consequence of this crisis.
In addition, the markets might also change drastically, with the rise of middle-class consumers in China being the new engine of world economic growth.
Source: The Nation Thailand