The Intelligence from The Economist Degrees of separation: universities and covid-19
May 5, 2020
Dominic Ziegler, a columnist on Asian affairs for The Economist, joins to discuss the precarious financial situation of universities exacerbated by COVID-19. He highlights the drastic revenue declines in American education and the significant role international students play. The discussion also touches on the unique circumstances of Ramadan celebrations during the pandemic across Asia, contrasting local customs and restrictions. Additionally, Ziegler delves into the population challenges faced by North Macedonia, raising important questions about governance and demographics.
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McMurray College Closure
- McMurray College, a 174-year-old liberal arts school, is closing.
- The pandemic worsened existing financial issues, ultimately preventing bridge funding.
University Financial Pressures
- The pandemic has exacerbated pre-existing financial vulnerabilities in universities.
- International student revenue loss and debt pose significant challenges.
University Closures and Regional Impact
- University closures are possible but complex due to regional economic impact.
- Struggling universities in economically challenged areas may receive government support.