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Archive for 14. Januar 2017

America leaves foreign firms out in the cold

Posted by hkarner - 14. Januar 2017

Date: 12-01-2017
Source: The Economist: Schumpeter
Populism, economic concentration and regulation are some of the reasons foreign bosses are souring on the land of the free

WHICH is it? The home of free speech, the rule of law and the rich world’s most dynamic economy? Or a land of social decay, septic politics and the rich world’s worst roads and schools? America divides foreign observers. It divides foreign firms, too. Some bosses fall head over heels for its insatiable consumers and dazzling technology. Other executives are put off by its insufferable lawyers and hypocritical protectionism. Donald Trump promises to give foreign firms a rude awakening when he reaches the White House: this month he beat up Toyota for making cars in Mexico and selling them north of the border. But in truth many foreign firms fell out of love with America years ago. Den Rest des Beitrags lesen »

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Alternative providers of education must solve the problems of cost and credentials

Posted by hkarner - 14. Januar 2017

Date: 12-01-2017
Source: The Economist
Subject: Established education providers v new contenders

THE HYPE OVER MOOCs peaked in 2012. Salman Khan, an investment analyst who had begun teaching bite-sized lessons to his cousin in New Orleans over the internet and turned that activity into a wildly popular educational resource called the Khan Academy, was splashed on the cover of Forbes. Sebastian Thrun, the founder of another MOOC called Udacity, predicted in an interview in Wired magazine that within 50 years the number of universities would collapse to just ten worldwide. The New York Times declared it the year of the MOOC.

The sheer numbers of people flocking to some of the initial courses seemed to suggest that an entirely new model of open-access, free university education was within reach. Now MOOC sceptics are more numerous than believers. Although lots of people still sign up, drop-out rates are sky-high.

moocNonetheless, the MOOCs are on to something. Education, like health care, is a complex and fragmented industry, which makes it hard to gain scale. Despite those drop-out rates, the MOOCs have shown it can be done quickly and comparatively cheaply. The Khan Academy has 14m-15m users who conduct at least one learning activity with it each month; Coursera has 22m registered learners. Those numbers are only going to grow. FutureLearn, a MOOC owned by Britain’s Open University, has big plans. Oxford University announced in November that it would be producing its first MOOC on the edX platform. Den Rest des Beitrags lesen »

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Economic Crises and the Crisis of Economics

Posted by hkarner - 14. Januar 2017

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