Monday, August 26, 2013

Foreign Universities: Sobering News from Singapore

Jason Lane and Kevin Kinser ask in CHE: How Loyal Are Overseas Branch Campuses to Their Host Countries? In dealing with this topic, they provide several examples, almost all of them from Singapore:

A couple of weeks ago, the University of Chicago’s Booth School of Business announced that it would leave Singapore and shift its Asian operation to Hong Kong. The reasoning seems to be strategic. Its contract with Singapore was concluding in 2015, and Hong Kong offers better access to the rapidly expanding Chinese market. Similarly, the University of Nevada at Las Vegas has signaled that it may be leaving Singapore after its last batch of students complete their study in 2015. In this case, the university couldn’t agree on the student subsidies paid by its host, the government-sponsored Singapore Institute of Technology. And, in the midst of its global expansion, New York University also recently revealed it was closing its Tisch campus on the island nation after it also failed to reach a new financial arrangement with the Singapore government.