Sunday Posts

The digital economy demands a new form of higher education. This is not just about teaching with or about technology. This is about changing the whole paradigm of how higher education should be done. This is a common claim, often heard at various innovation conferences. The substance of it is, however, unclear. In fact, those who make the claim often portray higher education as a domain stuck in the middle ages, detached from real life and obsessed with texts and received wisdom - and the digital being the route to give it a 21st-century refresh. This view is eminently false as it simplifies and decontextualises - and misses out all that has happened in higher ed in the last hundred and twenty years.  The key change that happened in Higher Education over this period is the rise of research. This was derived from the enlightenment values and scientific frame of mind that came of age in the nineteenth century. This became a central organising theme of the modern unive...

Bill Gates calls Hernando Del Soto 'the world's most important living economist'. He seems to have the mantra - the elixir of the 'mystery of capital' - that can turn the fortunes of the developing countries around. But while his insights are being celebrated, it is worth looking closer into his ideas. Mr Soto's idea is actually quite simple: That property rights create access to capital. His point is that the developed countries are developed because their citizens have definite and secure property rights, which opens up access to capital, and therefore, enterprise and road to better life. In contrast, the property rights in developing countries are opaque, non-realisable and enmeshed in bureaucratic tangles. Therefore, the capital formation in these countries is weaker - and therein lies the roots of inequality. This is an insight with intuitive logic and easy appeal. It is easy to prove empirically too: Mr Del Soto's work is full of fascinatin...

I have followed the conversation about T-Skills, that a modern professional needs at least one 'deep' skill and several other interests and abilities to complement this - for several years (see my earlier post here ). Over the last several years, the idea has gained considerable traction and now has its own 'Summit' (check the last year's videos and details here ), as well as gained academic acceptance and popular support. Whether one uses the T metaphor or not, many people are advocating a similar approach. For example, Professor Howard Gardner, in his Five Minds For The Future , argue that the professionals of the future will require a 'Discipline', a native way of thinking and making sense of the world (the deep end of the T), as well as Synthesis, the ability to assimilate information and ideas from various branches of knowledge (the top of the T) - along with Creativity, Diversity and Ethics. There are several reasons why we are having this conver...

The conventional wisdom is that developing societies must tap private capital to build their Higher Education capacity.  The reasons are pretty clear. First, the governments may be indebted and have the money to build universities. Second, the developed countries are increasingly allowing private Higher Education, and therefore, this must be a good model. Third, private Higher Ed is supposed to be more focused on practical and employment orientated education, so must be good for countries struggling with skills and employment.  But, in this discussion, several other issues remain unsaid. For example, in a developing country, the government's job is development. Not subsidies, not fighting wars, development first and foremost! And, the reality of these countries will tell any observer that the first two things that the governments need to do for development is health and education. Indeed, the business friendly rhetoric that the governments are just needed to build th...

Times Higher Education reports that the Student Loan Access for 23 Private Colleges have been suspended (See story ). This means that these private colleges will not be able to recruit any more students for the current academic year. Presumably, they would be able to recruit again for the 2014-15 Academic Year, when their numbers will be capped (they have been uncapped so far). Indeed, this should not amount to much as the main recruiting season, Autumn 2013, is already over, and some of these private colleges have recruited more students than they can possibly service. However, this tale of expansion leading to knee jerk reaction from the Government is yet another illustration how little the Policy Makers understand the Private Providers in Education. To be clear, private providers have not over-recruited. This is because there was never a limit set on how many students they can actually recruit, and hence the Government's decision, prompted by 'expansion', may appea...

Finally, the debate everyone wanted to have, has kicked off: Deloitte, a consultancy, has started this round with a new report, India's Higher Education Sector: Opportunities Unlimited, Growth Aplenty , recently, and called for increased foreign investment in the sector. This reflects a shift of emphasis from 2010, when Grant Thornton, another consultancy, was talking about opportunities in Indian Education ( Education in India: Securing the Demographic Dividend ) and highlighted vocational training, backed by increased government spending on skills training, as the growth sector. Grant Thornton report was then predicting a 25% CAGR in the vocational training sector, reaching US $3.6 billion in 2012, which is most likely to be surpassed. Given the high school drop out rates in India, vocational training surely deserves the attention and can potentially Discernibly, the government's focus is shifting, perhaps as the urban middle classes, squeezed by inflation, goaded by 24x7 ...