Dartmouth College is a private Ivy League research university in Hanover, New Hampshire, United States. Established in 1769 by Eleazar Wheelock, it is the ninth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution.
Which sector of the economy do you think is the strongest of the coronavirus - Construction , trade, transport or catering?
Many people probably don't think of Education as a part of the economy. The groves of academe are certainly above such sordid considerations, such as money and Finance?
Not just a little bit. Money is the lifeblood of the Education foundations from wealthy alumni, Board and lodging fees, conference facilities, and the largest of The Lot - draws a lot of paid and students each year.
The trouble for the Education sector is that it is clearly susceptible to the Corona Virus pandemic.
for hundreds of years, your business model will bring thousands of people from all over the country and all over The World sit together in a room for three years and talk to each other.The Rise of the global Middle Class was a stroke of luck for Western Higher Education , professor Simon Marginson
As a result, almost all of his sources of income are Under Attack at the same time.
Current students were sent home, and many courses have moved online. If lock have round-the-world, new students are hard to find, in the Autumn , and to get even more difficult on the campus.
Plus, conferences are not held, and those wealthy alumni are nowhere to be thought close to as wealthy as you, they were.
This hits Western English-speaking universities particularly hard. They tend to calculate, also local students, large tuition and fees, and the money from the on-site catering and accommodation.
they also tend to charge foreign students much more, so that you can be a great source of income for many universities. In the UK, for example, students from outside the United Kingdom and the EU.
So, while globalization means for many the import of cheaper manufactured goods from all over The World and for the developed economies, one of the greatest recent economic success has attracted students from Overseas .Australian universities, including the University of Sydney, pictured, have long tried to attract students from Asia
you don't have to do that, not least because many of the developing countries love the same quality of tertiary Education , as it develops. This means that students who study abroad will emerge with a prestigious degree, a second language, and a lot of contacts and friends. It is a price worth paying for million.
were The big winners in this context, the United States, the United Kingdom and Australia. All with excellent Education systems, to teach in the English language that can attract you to pay fee for students from all over The World .
In the United States, 360.000 positions, the movements of the Chinese students began The Last academic year. The influx of foreign students is, according to estimates, worth as much as $45bn (£37bn) a year to The American economy.world trade
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In Australia, foreign students said, bring More Than 30 billion Australian dollars a year ($20bn; £about 16 billion euros), and it is a market that Australian universities have for years.
the news is hardly encouraging, probably, to the new students feel welcome in the future, and that matters, says Prof Norton, because "it is a pipeline effect".
"If students do not start studying this year, then you are here for three years," he says, and what the universities means to go, to come to feel the pressure of lost revenue for the year, and not just in Australia.
In the United States in the University area is a massive company. Some of the oldest and most famous universities, have billions in reserve, massive donations, and a reputation, which means that you can free of charge dollars students top. But also they are suffering, is now closed.
Many of the foreign students in the United States are calling for lost discounts for lessons, and American universities make a Small Fortune with students on-site. Meals and accommodation are huge earners. Students in the UK.Vijay Govindarajan , of Dartmouth College , says that US universities take some time to get back to normal
Professor Marginson says that, while universities rushed to move, courses, online, at least temporarily, it is clear that they are not as attractive.
"students, if you have The Choice , pick face-to-face teaching," he says. "Online is not the same prestige, and not only the employer, but with the society. "
In the UK's Cambridge University, has announced that, However, he said that it would review The Situation when the state requirements changed.
colleges and universities around The World is moving rapidly in the direction of the online and remote teaching today, because they have to. If a majority of The World is in lockdown, and social distance is The Norm , you have no other choice, and it is the only way to get at least some money comes in.
But it is not clear how many universities will survive the collapse of their income, and whether The Move will be online permanently. Teaching people was together on one site as a very long-term and successful business model, and it still bears the big prestige and rewards for those who participate.