yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Government and Industry Must Work Together to Solve Our Education Crisis | Big Think


3m read
·Nov 4, 2024

It's unfortunate, but we are gonna be at least 50 to 57 million students short in terms of reaching that goal. But for us, it goes beyond just the number about access. If you actually extend that number and think about the number of children that are forced to opt out of secondary school, that adds another 70 million. Then, you actually look at illiteracy rates around the world and if you look at, you know, UN statistics, you're talking about 775 million young people that cannot read or write, mostly women and girls.

Then, you tend to add population growth dynamics in emerging markets where the examples I've always used are if you just look at Brazil, Russia, India, and China, you would need to add 10,000 schools every year just to keep pace with the incremental population growth. So, that doesn't take into account the fact that a place like India is short of 200,000 schools today. So, obviously, when you put all of those numbers into context, the scale of the challenge that we're looking at extends to well over a billion young people and is accelerating away from us. So, the time to act is now from our perspective.

What you realize very, very quickly is that governments on their own cannot cater to this requirement. You know that the voluntary sector, the NGO space, on their own cannot cater to their space. Private sector on its own can't do this either. What we absolutely see is that for us to address the size of the challenge, you have to look at much more collaborative, powerful partnerships between those three sectors in order to address the challenge.

I think the scale of the challenge essentially means that we have to find rapid solutions to scaling a quality education. So, it isn't just about access but it's about attainment as well. I think one of the things that private sector with certainly the right values and the right objectives does have the incentive and the opportunity to scale a sustainable solution at pace. But again, private sector on its own will only ever be able to cater to one small component of the demand.

I think governments, and especially what we would consider governments that have the foresight and the vision specifically to kind of throw aside the old intellectual debates about public versus private or just where the voluntary sector gets involved, they actually have the ability to encourage and nurture these powerful partnerships. So, from our perspective, private sector on its own can't cater to this challenge.

We do need the support of visionary governments. But actually, the one group that needs to perhaps do more is actually industry. And today if we think about global aid that goes to various initiatives, actually aid towards education still represents a fraction - so 600 million dollars only globally. And today, when you address the challenge that our young people are not coming out with the skills that they need in order to be able to access employment, that is actually a challenge that private sector within industry needs to pick up.

The reality is without that support you are still gonna have a huge mismatch between the jobs that are available and the jobs that industry needs in order to drive sustainable economic growth versus actually the skills and attributes that our children come out with.

More Articles

View All
Common denominators: 3/5 and 7/2 | Math | 4th grade | Khan Academy
Rewrite each fraction with a denominator of 10. We have two fractions: 3 fifths and 7 halves, and we want to take their denominators of five and two and change them to be a common denominator of 10. Let’s start with 3 fifths. We can look at this visuall…
The Housing Market Is Sinking
What’s up you guys? It’s Graham here. So let’s talk about something that I’m sure most of us have considered in some way or another, and that would be the next housing crash. After all, in the last month, housing prices have continued to hit record high a…
The Ponzi Factor: Banned on Quora
The first fallacy, when I believe the most fundamental falsehood that leads to other false ideas, is the notion that stocks are equity instruments that represent ownership. Finance professionals will argue the stock market can’t be a Ponzi scheme because …
Acid Rain| Atmospheric Pollution| AP Environmental science| Khan Academy
[Narrator] Acid rain sounds like something straight out of a sci-fi film, like strange raindrops that fall in a city and corrode everything. The truth is not far off, but the good news is that we know a lot about what causes acid rain and how to address i…
Zhou, Qin and Han Dynasties | World History | Khan Academy
[Narrator] What I’m gonna do in this video is give us an overview of the first significant dynasties in Ancient and Imperial China. Now, in a previous video, we talk about the Xia dynasty, which we’re not sure whether it exists because we don’t have a l…
The Banking Crisis Just Got Worse
US stocks have dropped sharply after new concerns over Germany’s Deutsche Bank. Investors continue to worry about the health of the global banking system. Banking is a nightmare; they can cause a lot of carnage when things go wrong. What’s up, guys? It’s…