What role should U.S. colleges and universities be playing in the economic recovery, both at home and abroad?
American higher education is still the envy of the world and attracts many of the brightest students in the world. That gives U.S. colleges a big role in economic recovery globally. This is still the country where so many ideas are generated, and it often starts in colleges.
As the global economy shifts from brawn to brain, the most important driver of economic competitiveness is talent and the ability to analyze and think creatively. That’s not going to change anytime soon. We’ve all seen the stats on the education boom in Asia, and Americans need to be aware of the growing competition from the East. But the most impressive new ideas still seem to come from the U.S. (think Apple, Facebook, Google), and that is a reflection of the system of education here.