SHORTFALL OF CURRENT GLOBAL EDUCATION SYSTEMS

Revisiting Global Information Systems Management Education

Business enterprises continue to globalize, motivated by their search for new markets, greater efficiency in the use of resources, and greater competitiveness. Information systems and technologies serve as one of the critical success factors for making this possible. Some IS curricula supported this development by either integrating more globalization into current courses or by delivering stand...

American education systems in a global context

This paper discusses the co-evolution of global and national knowledge networks. Particular attention is given to policy implications for American education; international competitiveness in math, science, and technology; and the shortcomings of American performance in these fields. The education and science policy decisions of the United States, India, and China are major determinants of each ...

Global Demands ON Medical Education

World action in medical education, notably the global programs of the World Federation for Medical Education, the Edinburgh Declaration of 1988 and the 1993 World Summit, has led to major curricular change in medical schools. For educational reform to result in improved health services of nations, an essential requirement is integration between the medical education system and the health care d...

Minimizing Shortfall

Shortfall Aversion ∗

Shortfall aversion reflects the higher utility loss of a spending cut from a reference point than the utility gain from a similar spending increase, in the spirit of Prospect Theory’s loss aversion. This paper posits a model of utility of spending scaled by a function of past peak spending, called target spending. The discontinuity of the marginal utility at the target spending corresponds to s...