In China and many other countries in Asia, we are witnessing what education experts call “brain circulation” — I saw it first-hand in September in Beijing, where I attended the inaugural Opening Convocation for the first class of Schwarzman Scholars, a new Master’s program designed to foster understanding of and international ties with China by giving the world’s best and brightest students the opportunity to develop their leadership skills and professional networks through a one-year Master’s Degree at Tsinghua University in Beijing. This program is just a recent manifestation of the trend.