• Hello Customer - Log in or Register!
Date: 2016-08-12

March Madness Earns an A in Economics

Chris Higginbotham is a Public Affairs Specialist in the International Trade Administration’s Office of Public Affairs.

This infographic from the International Institute of Education shows that more than 819,000 international students studied in the United States in 2013.

Institute of International Education. (2013). Open Doors Report on International Educational Exchange. Retrieved from http://www.iie.org/opendoors

If you’re anything like me, you spent the weekend locked in front of the television, watching the NCAA Tournament. Hearts were broken (including mine), underdogs were victorious, and former champions were sent packing.

Perhaps the best part of it all is that we were supporting the U.S. economy the entire time!

Maybe you didn’t realize it, but the NCAA Tournament, one of the pinnacle sporting and cultural events in the United States, is a tremendous supporter of several export industries.

One obvious industry the Tournament supports is education. The athletes competing in this event are students representing some of America’s great universities.

The education industry is a huge part of the American economy, supporting jobs and fostering research and innovation.

Education is also a major service export. The United States has some of the world’s best universities, hosting hundreds of thousands of foreign students. Those students pay tuition and living expenses, including room and board, transportation, books, and health insurance. Since most of those expenditures come from sources outside the United States, they are considered exports.

Commerce data show that international students contributed a record $24.7 billion to the U.S. economy, part of a record $682 billion in services exports.

The NAFSA Association of International Educators says that education exports support 313,000 jobs in the United States, a 6.2 percent increase from 2012 and a crucial contributor to our economic growth.

Here are some more key highlights about education exports from the Institute of International Education:

·         A record 819,644 international students studied in the United States in 2012-2013;

·         The top two fields of study for international students are business and engineering;

·         The University of Southern California hosts the most foreign students, at 9,840.

Outside of the classroom, you’ll also see some international students competing on the basketball court.

The standout is Kansas University’s Andrew Wiggins, the Canadian player who was a top basketball recruit last year. There’s also NC State’s Jordan Vandenberg from Australia, UCLA’s Sooren Derboghosian from Iran, and Notre Dame’s Natalie Achonwa from Canada, among others.

As NAFSA points out, the benefits of international students studying in the United States last a lot longer than the road to the Final Four. Foreign students bring unique perspectives into American classrooms, broadening horizons for everyone involved. The relationships formed and cultural exchanges made help build bridges across borders.

So just remember the next time you watch a game, even if your team loses, you’re helping the U.S. economy win!


Previous: Book Review: Exporters! The Wit and Wisdom of Small Businesspeople Who Sell Globally
Next: Canada, the Enigma to the North

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
LUCE25-2LS bearing 25 40 52
LUCE20-2LS bearing 20 32 41
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.