Page 53 - EW February 2023
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most people want to work or live in ‘better’ cities or colleges
         and universities,” says Zhang Youliang, associate professor
         at the Institute of Higher Education at Beijing University
         of Technology.
           A 2018 study examined career mobility among 3,234
         junior academics, based on data from the National Science
         Fund for Distinguished Young Scholars (DYS) between 1994
         and 2014. It found that 405 academics proactively changed
         their workplaces. The provinces of Shanxi, Jilin, Gansu, Lia-
         oning, Fujian and Anhui (mostly in the mid-west and north
         east) lost more DYS scholars than they brought in.
           The authors wrote that the “talent crisis” in the north-
         west and the north east is caused by a “serious talent defi-
         cit and insufficient attraction for high-level talent, rather
         than the scale of outflow”. They concluded that boosting   Indian students Down Under: accommodation crunch
         resources for regions suffering outflow would be the best
         measure in response, and that “hindering” mobility “is not    NORTH AMERICA
         in accordance with the market logic and innovation”.  edX sale fallout

           AUSTRALIA & NEW ZEALAND                             AST YEAR’S SALE OF THE NON-PROFIT ONLINE
         Student housing crisis                           Lvalue, with buyer 2U still hunting for paying custom-
                                                               course platform edX has left both parties short on
               OOSTING HOUSING STOCKS COULD BE Austra-    ers, and vendors Harvard University and the Massachusetts
               lian governments’ “biggest” contribution to allevi-  Institute of Technology (MIT) still mulling how the pro-
         Bating ‘student poverty,’ a widely reported phenom-  ceeds will boost remote teaching.
         enon Down Under. Eileen Baldry, deputy vice chancellor of   Scientists at the two universities created edX in 2012 as
         UNSW Sydney, says that if government quarantines social   a means of making courses freely available on the internet,
         housing for students, it would help them weather an accom-  and for giving other institutions the software to create simi-
         modation squeeze and cost-of-living crisis.      lar platforms. 2U, founded in 2008, is a private company
           Students could face weekly rents of A$200 (Rs.11,400)   that creates online courses for universities. It bought most
         instead of the A$500 typical of many Australian suburbs, or   of edX in July 2021 for $800 million (Rs.6,400 crore) in
         rents could be capped at 25 percent of income — as happens   the hope that a fraction of its fee-free learners might find
         with other social housing schemes — leaving money to cover   enough value to start paying for it.
         food, transport and education costs.                But 2U’s stock price has dropped nearly 70 percent this
           While students are not specifically excluded from social   year, provoking extensive lay-offs and glum assessments by
         housing, waiting periods often vastly exceed the time re-  industry analysts who argue that the company was mistaken
         quired to complete degrees. And while the federal govern-  in betting so heavily on the prospect of profitably converting
         ment has committed to bankroll 40,000 new affordable   edX students. “The primary focus of the non-profit has been
         dwellings through its Housing Accord and Housing Aus-  CEO search,” acknowledges Catie Smith, interim chief op-
         tralia Future Fund, Baldry says this will merely scratch the   erating officer of the year-old organisation, which Harvard
         surface. “It needs hundreds of thousands of new dwellings   and MIT have named the Centre for Reimagining Learning,
         to come on to the market.”                       or tCRIL. As for how it will use the online course sharing
           Students are facing an accommodation crunch point,   software it has retained, tCRIL is still “laying the ground-
         with  rental  housing  in  short  supply  and  priced  beyond   work towards a strategy” for accomplishing that.
         reach. Many purpose-built student accommodation blocks   The transaction has drawn criticism from many in higher
         are nearing capacity as international students return to Aus-  education who argue that edX had a founding mission to
         tralia in greater numbers and compete for rooms with their   serve disadvantaged students around the world, and that
         domestic peers. Current residents, who tend to move into   the two elite universities have abandoned that commitment
         less structured living arrangements after a year or so, are   by selling edX to a private company charging high fees.
         staying put because of the lack of rental accommodation.  But 2U is not alone in its struggles. Coursera — the online
           Universities are examining the feasibility of re-building   education platform created in 2012 by two Stanford Uni-
         their own accommodation, a year or so after many boosted   versity computer science professors as a rival to edX — an-
         their Covid-depleted finances by selling off-campus resi-  nounced its own sweeping payoffs in November. Coursera’s
         dential blocks that were short of tenants amid lockdowns   market value has fallen by nearly three-quarters from highs
         and border closures.                             in early 2021.

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