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International students and Hales Institute - the tip of a dangerous iceberg : Comments
By Wesa Chau, published 16/3/2010Government's immigration policy change risks damaging long-established reputable colleges and the future for 212,000 foreign students.
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“Conclusion
The conclusion that the export of educational services attributable to the overseas student industry may be half the commonly-stated $15 billion”
http://www.universityworldnews.com/filemgmt_data/files/ExportRevenue%5BFinal%5D.pdf
What Bob Birrell’s conclusion does not take into account, is how much of the money spent by foreign students is spent on imports.
If they spend most of their money on imports (like so many others), then the money comes into the country, and then goes straight back out again.
Ironically, if they are Indian or Chinese students who spend their money on imports, then most of their money could be going back to their own countries (by purchasing Indian or Chinese products while in Australia).
In all, it could be costing Australia to teach foreign students.