I am not trying to debate you on this subject. Just few observation, I fail to see where is this source of growth, is going to come from. Individual and goverment is so severely hamstrung by debt that they are all saving their money instead of spending. The day of careless spending is over. In the next decade the need to refinance social wealth fare spending will skyrocket.
And with much of Europe in the same sort of mess, some posters here suggest for up to ten yrs, I wonder if China's economy can stand the stress?
People . It used to be that US is the magnet for talented student all over the world. But with improving living condition and more restrictive immigration I believe the talent intake will be severely reduced.....with such large destruction of wealth there will be less money for University endowment, research grant and Goverment program for important but can be delayed research
I think you overlook several things here, Sure the money might be down but they can cherrypick which academic disciplines to support, and they are a nation of philanthropists. And it takes time to build up quality institutions for post grad. studies.
As for asian institutions: From memory, the last time I looked,not one was in the top 10, and as for the sciences, again from memory, only several 6/8?, and mostly Japanese was awarded the Nobel Prize.in past several decades. It has also been suggested that the Asian system of rote learning test taking and multi level bureaucracy, prevents the development of free and innovative thinking. A handicap which would surely handicap them in copying the best learning institutions of the West.
In New Zealand Passes are gained in some engineering papers through the quality of research and projects carried out through the year, with a formal examination being discarded completely.
