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Strategies & Market Trends : Asia Forum
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To: danderso who wrote (108)12/24/1997 12:18:00 PM
From: Defrocked  Read Replies (1) of 9980
 
I would like to provide anecdotal evidence on the
impact Asian deflation may exert on US GDP growth.
The story also has humanitarian undertones with which
I empathize.

A former colleague of mine is a Board member of a well
known institution of higher learning. At a very recent
meeting the Financial Officer reported that consideration
of declining enrollment for the 98/99 year must be
addressed. Interviews with a number of Korean, Japanese
and other Far East students were suggesting that many
would be unable to continue their education next year
without substantial, and currently unavailable, financial
aid and assistance.

The impact on total school enrollment was
projected to possibly approach a 10% decline. Given
the not-for-profit budget outlook, a 10% decline in
enrollment would have serious implications for the
school in terms of expenditures, recruiting, staffing, etc.

Just an example of the small and close nature of our
planet. FWIW.
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