Asia’s Student-Debt Time Bomb (Project-Syndicate)

Fueled by rising economic prosperity and aspirations, the global higher-education sector boomed during the 1990s and 2000s, and, unsurprisingly, student-loan debt has surged worldwide. But Asian countries with high tertiary-education participation rates have proved particularly vulnerable to this trend.

M Niaz Asadullah is Professor of Development Economics at the University of Malaya in Kuala Lumpur, and Head of the Southeast Asia cluster of the Global Labor Organization (GLO).

Theresa Chan is a researcher at the Faculty of Economics and Administration at the University of Malaya in Kuala Lumpur.

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