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Economy

Argentina's Currency Restrictions Squeeze Latin American Tourism

EL OBSERVADOR (Uruguay) CLARIN (Argentina)



Worldcrunch

MONTEVIDEO - As the Southern Hemisphere’s summer vacation season approaches, the tourism industry in Uruguay is already sweating Argentina’s new restrictions on changing money to dollars and using it for travel abroad.

The Association of Hotels and Restaurants of Uruguay has taken extra steps to attract Argentines, including publishing a list of prices to stress that Uruguay is often a cheaper destination than Argentina, El Observador reports.

Uruguayan hoteliers are worried that Argentines will think that Uruguay is more expensive because of the new currency restrictions.

Uruguay’s first lady weighed in, saying that the restrictions are “very worrying.” She said that in spite of the restrictions, many Argentines visit Uruguay because they like spending summer there and they will make an effort to make sure they can make the visit happen, Clarin reports.

She also noted that the number of Argentine tourists in Uruguay has decreased, but not in an alarming way.

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Society

India Higher Education Inferior Complex: Where Are The Foreign University Campuses?

The proposed UGC guidelines are ill-conceived and populist, and hardly take note of the educational and financial interests of foreign universities.

Image of a group of five people sitting on the grass inside of the Indian Institute of Technology campus.

The IIT - Indian Institute of Technology - Campus

M.M Ansari and Mohammad Naushad Khan

NEW DELHI — Nearly 800,000 young people from India attend foreign universities every year in search of quality education and entrepreneurial training, resulting in a massive outflow of resources – $3 billion – to finance their education. These students look for greener pastures abroad because of the lack of quality teaching and research in most of India’s higher education institutions.

Over 40,000 colleges and 1,000 universities are producing unemployable graduates who cannot function in a knowledge- and technology-intensive economy.

The Indian government's solution is to open doors to foreign universities, with a proposed set of regulations aiming to provide higher education and research services to match global standards, and to control the outflow of resources. But this decision raises many questions.

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