World Economic Woes and International Education
China's economy is pretty stable, considering that it is a developing country and continuing to build infrastructure like mad. So far I have not felt any effects of the outside economic meltdown, except in my retirement investments abroad. But our student population where I work is predominantly Korean and the Won has dropped significantly in recent weeks, making it more expensive for those expatriates to survive here. A student came to me today who is suddenly returning home to Korea. I worry a little that many more in coming months will follow suit. But it could also be a blessing if that population is reduced in our international school as it could become more of an incentive for other nationalities to enroll. I was only half joking with colleagues that if worse came to worst the laws governing internationals schools could be changed to allow local Chinese students to also enroll in our institutions. Time will reveal more on this issue.