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University in modern times

Just yesterday, I was talking about how Japanese universities gradually started to become "business-like" following the trends among American universities for some decades.

The main article in the first page of The Nikkei Financial Daily(日経金融新聞) today was thus worth to note. The special article which were titled as "take the risk and earn your own" covers a story of how American universities choose to go for the active investment strategy taking risk. According to the article, "even medium sized universities keep return as high as 10% or more."

The article says;
- For American univerisites, they choose to go for high-risk & high-return as investment is their important revenue sources.
- Following the trends in '80s when universiteis competed by "educaiton standard" and "attractive scholarships", investment to keep up with such demands gained a momentum.
- For example, Harvard, the univerisity with the biggest investment size as much as USD28.9billions, has their own investment company. The company holds 170 employees of which 30 are investment representatives. The company is run under CEO who moved from PIMCO last Feb.

Sources: The Nikkei Financial Daily. (2007/03/08) Tokyo: Nihon Keizai Shinbun (Writer: Humiyoshi Murakami)

We can't do anything without money. Without capital, you can't do anything. You can't even teach! Thus, managing universities' capital is indeed for the sake of students and maintaining good qualities of universiites. What if though, needs gradually becomes a purpose? What is the significance of being for universities? Is it to educate people or to gain revenue? Probably both. But what if, the latter gets more important?
[PR]
by Haruka_Miki | 2007-03-08 00:00 | 経済的営み
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