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
My Tesla Model 3 Regrets | The TRUTH After 15,000 Miles
What’s up you guys? It’s Graham here. So, I guess you could say time flies when you’re having fun because it’s officially been over a year since I purchased my Tesla Model 3, and 15,000 miles later, quite a lot has happened. Now, even though I’ve had way…
15 Differences Between Powerful and Powerless People
Some people command while others just complain. Some move the world while others get tossed around in the process. Welcome to Alux! The difference between powerful and powerless people often starts with their vision. Powerful people see beyond the horizon…
Taking a Family Road Trip | National Geographic
(Calm music) [Corey] I feel most alive when I’m out exploring. (Acoustic music) We’re taking our son on a road trip to Wallowa-Whitman National Forest in Eastern Oregon. There’s something special about looking out on the open road. You never really kno…
Miyamoto Musashi | The Way of the Ronin (Dokkodo)
The Japanese word ‘rōnin’ describes a samurai without a master, who wanders alone. The status of a ronin varied across different time-periods. In a general sense, being a ronin implied failure. More specifically, a ronin had renounced the act of ‘seppuku’…
Why The First Computers Were Made Out Of Light Bulbs
[Derek] The modern era of electronics began with the light bulb but not in the way you might think. Early light bulbs consisted of a carbon filament sealed inside a glass bulb with a vacuum inside. When a potential difference was applied across the filame…
Howard Marks & Joel Greenblatt on Value Investing
So I don’t think the reason people don’t beat the market is because the market is efficient or even close to efficient or not emotional. It’s very emotional. Or that it can’t be done. There’s all kinds of institutional and agency reasons and tons of other…