Erasmus was a two-way agreement that allowed fully-funded international exchange of students.
Turing is a one-way programme that part-funds Brits to go elsewhere.
It is clear that the UK government scrapped Erasmus because it is fundamentally opposed to foreigners coming here.
My department already does global student exchanges (ca. 30 per year including India, Japan, Australia, Singapore and EU). The key is, they MUST be set up as exchanges. Other universities just won't host our students without an exchange. Setting these up has taken us many years.
The idea that the UK can give students a bit of cash and send them out round the world, and they will just be gladly received 'for free' is for the birds. You must set up exchanges. Under Erasmus, this is trivial. Outside it, as my department knows, it can be very challenging.
And on top of that, the details of the Turing scheme show it will give students less funding than Erasmus, yet they will be travelling globally, not just in the EU. So even if it could work (which it can't without exchanges) only wealthier UK students will be able to afford it.
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