Chinese Parents Splurge on Tech-Focused Education

It starts with the idea that kids must be trained early to prevail over robots in the workforce. Then it snowballs from there -- $3,000 a year for tuition, $350 for a Lego robotics set, and $7,300 to test the newly acquired engineering skills in a competition in the U.S. Bloomberg's Lulu Chen has more on the so-called STEM education in China -- a problem-based approach to learning that combines knowledge in science, technology, engineering and mathematics. (Source: Bloomberg)

Pioneering a More Flexible Form of Higher Education
32:54 - Udacity is the pioneer behind the "nano-degree" -- a short, focused course available online, enabling students to pick up skills quickly and cheaply, so they can keep pace with advancements in their field. CEO Vish Makhijani joins Globalive Chairman Anthony Lacavera to discuss their longer-term market size and business model. (Source: Bloomberg)
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