Borders: Conversations on Global South Capital and Geopolitics
Oct 6, 2026 · 44 min · 11 segments
Andrew Henderson sits down with Parag Khanna, founder and CEO of AlphaGeo, author, and global strategy advisor, to examine how migration reveals whether countries are preparing successfully for the…
Parag KhannaGuest
Andrew HendersonHost
And so if we look at that downstream, again, take the continent of Africa as an example.

We've had conversations here where many African students, they still want to go and study overseas because they believe they'll get a higher quality education.

Now, there's a greater number that might wanna come back and put that education to work.

Meanwhile, in Asia, where you mentioned China, for example, more and more students are saying there is no great Value proposition and going to the US or the UK or somewhere else.

And so if we take that downstream, what does that say in terms of the value of the country under your metrics for when does it begin? Ostensibly not at eighteen or twenty-one, but at a very young age, what's the quality of education?

Well, there is a great competition for global students in general, and then from certain countries in particular where the families can afford to pay full tuition.

So for example, in the United States, Indians have replaced Chinese as the largest origin country year on year for students.

There isn't geopolitical hostility between the United States and India, and therefore, if you add it all together, you have a huge influx of Indians into the US market.

The same is true into the Australian market, the UK market, it's been the case for a long time now, even the German market.

So because education, tertiary education is classified as a services export, it's really good for economies, obviously, to be attracting tuition-paying, cash-rich students into your economy.

They obviously support the real estate industry and generally the consumption in the economy.

The backlash, obviously, is if local students get crowded out of their own university.

That's actually happened in the UK because there haven't been sufficient investments in educational infrastructure.

So anyway, there isn't, clearly isn't one universal answer to how this plays out.

But the broader message I would maintain is still, it's better to have them wanting to come to your country, studying in your country, learning in your country, building loyalties and ties to your country than to not have them want to come to your country.

And so if we look at that downstream, again, take the continent of Africa as an example.

We've had conversations here where many African students, they still want to go and study overseas because they believe they'll get a higher quality education.

Now, there's a greater number that might wanna come back and put that education to work.

Meanwhile, in Asia, where you mentioned China, for example, more and more students are saying there is no great Value proposition and going to the US or the UK or somewhere else.

And so if we take that downstream, what does that say in terms of the value of the country under your metrics for when does it begin? Ostensibly not at eighteen or twenty-one, but at a very young age, what's the quality of education?

Well, there is a great competition for global students in general, and then from certain countries in particular where the families can afford to pay full tuition.

So for example, in the United States, Indians have replaced Chinese as the largest origin country year on year for students.

There isn't geopolitical hostility between the United States and India, and therefore, if you add it all together, you have a huge influx of Indians into the US market.

The same is true into the Australian market, the UK market, it's been the case for a long time now, even the German market.

So because education, tertiary education is classified as a services export, it's really good for economies, obviously, to be attracting tuition-paying, cash-rich students into your economy.

They obviously support the real estate industry and generally the consumption in the economy.

The backlash, obviously, is if local students get crowded out of their own university.

That's actually happened in the UK because there haven't been sufficient investments in educational infrastructure.

So anyway, there isn't, clearly isn't one universal answer to how this plays out.

But the broader message I would maintain is still, it's better to have them wanting to come to your country, studying in your country, learning in your country, building loyalties and ties to your country than to not have them want to come to your country.
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