Knowledge Nation No More?

By Matt Ryan, in our Sydney office You get to hear a lot about Australia’s resources endowment. Iron ore ($57bn), coal ($39bn) and gold ($15bn) are the nation’s leading exports, being shipped to the four (less fortunate) corners of the earth. But few will guess the fourth on the list: oil maybe, or gas, or how about wheat? Tourism? Getting warmer. It’s actually education. Education exports, which consist of the GDP contribution from international students mostly studying in Australia, including fees and other living expenses, grew from $10bn in 2006 to $16.4 in 2010, but has since fallen to $14bn....

By Matt Ryan, in our Sydney office



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