sounds like the operation was never the revenue-generator that the university thought it was going to be.
It probably generated lots of revenue for
someone.
If there was a critical mass of college-ready students in these countries, there would already be good universities there. There aren't, and they don't. The US/Euro-branded campuses there have to compromise their standards or die.
The NYU campus is trying to get around this problem by actively recruiting students from the US using the NYU name, tuition breaks, and the obsession of east-coast parents with name-brand schools. This might just succeed, if they can carry it off past the first couple of graduating classes. Right now, I'm skeptical, I think they are being kept afloat by Al Bloom's good name and enthusiasm. I'd bet a bucket of money that he'll be gone in 2 years, possibly on good terms but more likely not. (I hope I'm wrong, but my predictive track record on this kind of thing is pretty good.)
China, which does have a critical mass of prepared students, is building universities at a tremendous rate, but AFAIK they aren't trying to put foreign labels on them. A senior administrator at one of the larger universities there told me recently that the Chinese government has decided to invest in good ideas, regardless of field or immediate payoff, on the theory that good ideas eventually pay off. This sounds like the US in the late 40s, when we were trying to secure our position as world leader in practically everything, but sure doesn't sound like us now. - DvF