Not necessarily good, but solvent

Higher education in Australia has become an important industry. But the hunt for tuition fees comes at the expense of quality: Many students speak hardly any English – and still pass their exams.

Room 11 at the Business School of the University of Sydney. A good 150 first-year students are struggling through the trials and tribulations of international monetary policy. The lecture is like a plenary session of the United Nations. About half of the students are from abroad. In the back row, feet comfortably spread across three seats, lounges Kim Chung, a lanky 19-year-old from China who cares much more about his iPad than India’s central bank.

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