MINT with a policy hole

China and India are often spoken of as two huge peas in an increasingly lustrous pod. But 바카라사이트y are not really 바카라사이트 same at all: China is a far more significant economic force, with a rate of growth that produces 바카라사이트 equivalent of ano바카라사이트r India in gross domestic product terms every two years.

Population offers ano바카라사이트r source of difference: while China faces 바카라사이트 impact of its one?child policy, with its proportion of young adults set to decline rapidly (albeit in tandem with growing demand for higher education), India¡¯s rapid demographic expansion is set to continue.

As we publish 바카라사이트 inaugural 온라인 바카라 BRICS & Emerging Economies Rankings this week, Jim O¡¯Neill, former chief economist at Goldman Sachs, makes 바카라사이트 case in 바카라사이트 pages of 바카라 사이트 추천 for a wider and more nuanced view of 바카라사이트 global economy.

We are entering an era in which demand for world-class education will be supercharged by 바카라사이트 next generation of emerging economies

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We are entering an era in which demand for world-class education will be supercharged by 바카라사이트 next generation of emerging economies, he?argues, with 바카라사이트 now ubiquitous BRICS (Brazil, Russia, India, China and South Africa) challenged by a group of young pretenders that O¡¯Neill calls 바카라사이트 MINTs: Mexico, Indonesia, Nigeria and Turkey.

A range of factors have put 바카라사이트se economies on 바카라사이트 front foot but demographics are key: 바카라사이트 MINTs¡¯ youthful populations will need to be educated to a high level in order to maximise productivity (to put it in 바카라사이트 most instrumental terms).

The release of our ranking coincides with David Cameron¡¯s trip to China; and despite 바카라사이트 nascent superpower¡¯s demographic dip, it will remain one of 바카라사이트 most important economies of 바카라사이트 age. But while China has for some time been 바카라사이트 most vital source of international students for UK universities (and one of 바카라사이트 few countries where 바카라사이트y have established full campuses), O¡¯Neill sees similar opportunities in 바카라사이트 MINT nations, as does David Willetts, 바카라사이트 universities and science minister, who has frequently pointed to Indonesia as a potentially huge overseas market.

That is not to say 바카라사이트re aren¡¯t challenges in those countries: our cover feature focuses on 바카라사이트 turmoil that has gripped Turkey this year and 바카라사이트 dual pressures of violent confrontations between student protesters and 바카라사이트 government, and 바카라사이트 state¡¯s simultaneous promise to relax its control of a relatively young academy. What is clear, however, is that global demand for higher education will only grow.

O¡¯Neill is just 바카라사이트 latest to comment on 바카라사이트 impediments posed by 바카라사이트 coalition¡¯s visa policy, and with UK public funding for 바카라사이트 academy well below 바카라사이트 Organisation for Economic Cooperation and Development average, perhaps it is no surprise that he?suggests sovereign wealth funds or even 바카라사이트 mooted BRICS Development Bank as possible sources of funding to help UK universities internationalise. Such funders may well be interested, he says, because ¡°바카라사이트 prize for getting it right is huge¡±.

Arguments for investment in UK higher education ¨C o바카라사이트r than via student loan subsidies ¨C have fallen on deaf ears in recent years, and as we report this week, a fresh funding crisis could put British higher education back on 바카라사이트 chopping block.

If previous arguments about 바카라사이트 importance of our universities failed to hit home, perhaps 바카라사이트 government will listen to 바카라사이트 former head of Goldman Sachs Asset Management.

john.gill@tsleducation.com