I am not sure which is falling faster: market confidence in the midst of credit woes, or my bank account balance as I pay tuition and moving-in expenses in Fontainebleau. As I start my MBA at Insead, France, real worries about the world economy have emerged for the first time in several years. This unhappy coincidence does not bode well for the job market on graduation.
It is hard, however, to be dejected as I look out over the roofs of this idyllic town. I have just spent four years in Tokyo, the ultimate mega-city, where the price of limitless choice is noise and crowds. A year of study in a charming town surrounded by one of Europe’s largest forests is just what I need.

