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This chart should be setting off alarm bells!
A collapse in foreign students coming to the US is a disaster for long-run innovation and American hegemony.
A collapse in foreign students coming to the US is a disaster for long-run innovation and American hegemony.
More from @foxjust here: https://www.bloomberg.com/opinion/articles/2020-09-10/covid-19-interrupts-flow-of-foreign-students-to-u-s-colleges
1. Innovation & research are probably the least zero sum things in the world. The loss of the foreign students is no gain for US students.
2. Foreign students pay full sticker price for tuition and effectively subsidize domestic students. Tuition will go up now.
2. Foreign students pay full sticker price for tuition and effectively subsidize domestic students. Tuition will go up now.
3. Educating and retaining Chinese students makes the US stronger and the CCP weaker.
4. America is the innovation engine for the world. Fewer talented people in the US means fewer global public goods. It's a net loss.
See this piece by @calebwatney: https://www.theatlantic.com/ideas/archive/2020/07/americas-innovation-engine-slowing/614320/
4. America is the innovation engine for the world. Fewer talented people in the US means fewer global public goods. It's a net loss.
See this piece by @calebwatney: https://www.theatlantic.com/ideas/archive/2020/07/americas-innovation-engine-slowing/614320/
"the $30-plus billion annual trade surplus the U.S. has been running in such travel in recent years amounts to about 11% of the country’s overall services-trade surplus, and 0.15% of gross domestic product." - @foxjust
