Revolution in higher education

BEN WILDAVSKY, fellow at the Ewing Marion Kauffman foundation states that globalization of universities had resulted in a shake-up of the old order in higher education with wide-ranging benefits for all including increased mobility and availability of human capital, scientific talent and greater free trade in minds and ideas. In a discussion organized by the Carnegie Council on his book, "The Great Brain Race: How Global Universities Are Reshaping the World", he points out that mobility of students, cross-national scientific research and branch campuses had increased significantly in the past decade. He opines that a lot of countries now saw a thriving university system as their pathway to innovation and growth and this had resulted in increasing academic investments, partnerships and quality improvements with a greater focus on global metrics to measure academic quality which in turn was feeding a beneficial cycle of improvements.

Lumbering out of policy inertia on India's Financial sector

ARVIND SUBRAMANIAN, fellow at the Peterson Institute for International Economics recommends greater interaction between the government and the Reserve Bank of India on strategic and long-term issues such as the liberalization of the financial sector and that of the capital account. In an op-ed in The Business Standard, "What Globalization Strategy for India?", he states that a combination of factors such as greater availability of foreign capital seeking higher returns in India and a domestic political economy that favored foreign capital would ensure that India moved to a model based on reliance to foreign capital by default and this called for a jolt out of policy inertia and a greater co-ordination between the key stakeholders on strategic issues.