India’s Race Against Time

To the naked eye, India looks like an oasis in the middle of a wrenching emerging market economic downturn. In 2015 Indian GDP grew by 7.2% with the IMF projecting 7.6% growth over the 2016-17 period. FDI reached a record US$63 billion in 2015, exceeding China for the first time. And despite more recent concerns […]

Read More India’s Race Against Time

Africa, David Ricardo and the Promise of Education Outsourcing

The theory of comparative advantage is one of the most important concepts in international trade.  From 18th century economist David Ricardo’s explanation of why England should produce cloth and Portugal make wine–but not each country producing both– to more modern examples of credit card service centers in Bangalore or iPhone manufacturing operations in China, we intuitively […]

Read More Africa, David Ricardo and the Promise of Education Outsourcing

Do Emerging Markets Want Their Education Disrupted?

This article was published at Educelerate on March 7,2016. Have foreign education companies “cracked the code” for educating the rest of the world? Earlier this month the online education company Udemy reported that over 10 million students had taken “at least one of its courses” and that growth overseas was surging. While this milestone should be applauded, such a […]

Read More Do Emerging Markets Want Their Education Disrupted?

Sinking: How Emerging Market Currencies May Roil the International Education Sector

Emerging market currencies are plummeting against the US dollar. What will be the impact on the international education market?  If we are to judge by the amount of discussion within the industry on this topic, the answer would lie somewhere between not much and who cares. Which may be extremely short-sighted. Recall that the 1997 Asian financial […]

Read More Sinking: How Emerging Market Currencies May Roil the International Education Sector

Rich Student, Poor Student: Education as a Global Luxury Good

In 2004 the late C.K. Prahalad published The Fortune at the Bottom of the Pyramid, his brilliant contribution to understanding how companies and investors can help to eradicate poverty among the world’s three billion poorest without sacrificing–and indeed improving upon–their profit-driven business models. In a sense, his ideas were a precursor to the “doing well by doing good” meme as it applies to […]

Read More Rich Student, Poor Student: Education as a Global Luxury Good

Asia's Education Spending: Top and Bottom of the Pyramid

Asia-based households continue to spend significantly on educational activities outside of school, allocating an average 13 per cent of their total disposable income in 2014.  Mercifully over two-thirds of households save regularly for this purpose–though some have been known to plunge dangerously into debt–a fact consistent with past surveys and our own analysis.  What is most intriguing about this spending is that it’s not confined to rich […]

Read More Asia's Education Spending: Top and Bottom of the Pyramid