Back in the early 1990s when I began my career in Hong Kong as a research analyst, Paul Krugman attended an investment conference and set more than a few bankers’ jaws dropping when he suggested that, no, Asia’s phenomenal growth (this is even before China got rolling) was really nothing special, original or unique. If […]Read More The Myth of Asia's Miracle: Who's Laughing Now?
By 2030 Asia’s emerging middle class is expected to account for over 60 per cent of total world spending and, if past history is any guide, a significant part of family budgets will be spent on education. But what exactly? A recent survey by MasterCard profiled 16 markets in the Asia-Pacific over 2012-13 and asked families how […]Read More Where are Asian Households Spending Their Money? (Hint: Education)
Universities have been around for centuries, and for good reason: they move glacially, if at all. If you were look at a list of the leading American companies in 1920 and try to determine how many have survived to the present day, that number could be counted on both hands. This is not the case for Universities. They […]Read More What Multinationals Can Teach Universities Expanding into Emerging Markets
In late 2012 the governments of Indonesia, Thailand and Malaysia followed a long line of Asian countries in calling for the end of “cheap labor.” This was on the back of China’s tumultuous labor issues at Foxconn and elsewhere, which signaled a push toward higher wages and the need for economic “re-balancing.” Yet developing Asia’s […]Read More Why Asia’s Real Competitive Race Will Be Brains, Not Arms