Global investors are facing a widely varied post-Covid recovery with the IMF forecasting per capita income losses in emerging markets (ex-China) of -6.1% between 2000-2024, and potentially greater “scarring” over the medium term. There are a range of fiscal, humanitarian and social issues to consider and debate. I’ll pick one: the impact of an estimated […]
Read More Global Scarring: Investment RoundUpChina may have created the most impressive advance of educational attainment in history but it also suffers from a growing skills gap. In fact, China has one of the least educated workforces in the world as measured by the proportion of its labor force with a high school and college degree. The evidence piles up in […]
Read More China’s massive skills gapPublicly-listed education companies often sit uncomfortably between the demands of financial stakeholders on one side and commercial challenges of working with school systems, parents, government regulators and students on the other. Perhaps this is why education investment bankers are paid to be optimistic. Consider the recent flurry of announcements for the creation of education SPACs–or […]
Read More Taking SPACs to SchoolPeople hate job interviews, and for good reason: they can be a huge waste of time. According to a number of studies, there is no reason to think that an interview leads to better-decision making, a less biased process (starting with problems with the interviewer) or that the sequential “death by interview” method has any […]
Read More Open innovation is the new job interviewIn education, as in all economic life, there is no such a thing as a free lunch. Or is there? The international debate on higher education access and affordability creates a long wish list of what can or should be done, largely depending on a specific country’s development stage. In the wake of the Covid-19 […]
Read More Fintech, Student Debt and a Free LunchCross-border M&A activity is accelerating across a range of workforce and education segments, from education and training to career navigation, job search, workforce alignment, AI matching and productivity. This will not be a shock to many observers, although simply transacting across borders can require quarantine for 14 days or conducting endless due diligence meetings via […]
Read More M&A: Coronavirus and Cross-Border InvestmentThere is a cold logic to globalization—especially when it appears to be dying. Can growth be maintained in the world’s leading economies without expanding internationally? Can education start-ups and new ventures rely solely on their local markets? How long will new markets and new consumers in emerging and frontier markets—the world’s engine for future growth—be […]
Read More GES 20: Putting the X in Globalization?The world after Covid-19 will never be the same. What might it look like for the future of learning and work? It is impossible to assess the precise fallout at this point but a few scenarios would be helpful in structuring potential outcomes. Businesses, employers, investors and universities and their stakeholders would be well advised […]
Read More Human Capital in the Age of PandemicsI was honored to keynote the US-Sino Online Higher Education Forum at Shanghai Jiao Tong University（上海交通大学）which took place on June 1, 2018. My talk was focused on the next phase of collaboration between US and Chinese universities. I have consistently thought that education remains a critical aspect of Sino-US relations and that the ability of […]
Read More Keynote at US-Sino Online Higher Education Conference: Shanghai, 2018US labor productivity is growing at its lowest rate, over an extended period, since 1948. In the face of this multifaceted decline, the Trump Administration’s “New Foundationfor American Greatness” has explicitly targeted GDP growth rates of 3% by 2021 based on a raft of trade, budgetary and investment measures. It has also championed an attempt to “Buy American, […]
Read More Why all foreign students should be given a green card