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Students Clarify 
ByEdMo   posted on01 May, 12 4593 Views 0 Comments Regular Feature Add to favorite

Foreign Students Contribute $20.23 Billion to US Economy

Why are the developed countries, especially the USA, interested in getting foreign students to study in their educational institutions?
-Deepti Ruth, Mumbai

Dear Deepti Ruth,

While foreign students in American colleges and universities are most often singled out for their scientific and cultural contributions, their growing numbers help make them an increasingly important economic force as well according to a report from the Institute of International Education. Students from India and China account for the largest contingent.

Association of International Educators estimates that foreign students and their dependents contributed approximately $20.23 billion to the U.S. economy during the 2010-2011 academic year. This conservative figure is based on tuition figures from Wintergreen Orchard House, enrolment figures from the Institute of International Education’s Open Doors 2011 report, living expenses calculated from Wintergreen Orchard House figures, and analysis of the data by Jason Baumgartner at Indiana University – Bloomington’s Office of International Services.

NAFSA’s annual Economic Impact Statements estimate the amount of money foreign students bring to the United States to support their education. This report does not rely on a “multiplier effect”. Although this might provide a more accurate estimate of actual economic impact, there is no consensus on the appropriate size of such a multiplier. NAFSA and its partners are committed to continuing efforts to improve our data and methodology. By any measure, international education makes a significant contribution to the U.S. economy.

“Next to water, the biggest shortage in the world today is probably higher education,” said Mr. Goodman, claiming that among the countries of the world only the U.S. could absorb the demand.

Robot revolution, it seems, has begun in earnest

We have been hearing quite a lot about robots becoming more and more sophisticated. But, as far as I could see, the robotic science has not made tangible progress to deliver any worthwhile results. Can you enlighten me on this?
-Nimi George, Cochin

Dear Nimi George,

According to Bill Gates, the robot industry “is developing in much the same way that the computer business did 30 years ago.” Just as that industry has overcome many obstacles to become utterly central to our lives so, says Mr. Gates, robot-makers are meeting the challenges of building truly useful androids. South Korea, meanwhile, plans to have a robot for every home in only 10 years’ time. The robot revolution, it seems, has begun in earnest.

So where does that leave us? Will the coming revolution make work optional, giving us lives filled with leisure, even “creating Athens without the slaves”, as the former U.K. Conservatives Cabinet Minister, Peter Walker, said in 1983?

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