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
Ray Dalio’s BIG Warning of a Lost Decade for Investors (2022-2032)
Nowadays the structure of the markets and where everything is priced, um, if um and done the normal way, we’ll give you probably a return in the vicinity of, with a lot of risk around it, uh, maybe in the vicinity of four percent. Okay, three, three and t…
The scale of formality | Style | Grammar
Hello Grimarians! Hello Rosie! Hi David! So, we’re going to be talking about what we call the spectrum of formality today, in the context of language style. Balancing your style between formal and informal language when it’s appropriate is just a general…
Space Archaeology: A New Frontier of Exploration | National Geographic
(light ethereal music) We are the detectives of the past. And we have to figure out what happened. That is what is fascinating about archaeology. Peru is super special archaeologically because this is one of the cradles of civilization. It’s where civili…
Photo Walk in Napa Valley | National Geographic
Hi everybody! I’m Ashley Kalina. Thanks for joining us again. We’re here in beautiful Napa Valley for Get Outdoors Day, and we are here with National Geographic and our friends at Nature Valley. I’m joined by Ben Horton, the wonderful photographer. He’s g…
15 BEST Books on LEADERSHIP
You are watching the book club! Every Wednesday, we handpick the best books to improve your life. The 15 best books on leadership! Welcome to aLux.com, the place where future billionaires come to get inspired. If you’re not subscribed yet, you’re missing…
The Housing Market Bubble Just Popped
What’s up you guys, it’s Graham here! So we have to talk about what’s going on with the housing market because it was just found out that prices are continuing to go higher. Wait, what? Yep, you heard that correctly! Even though housing starts have dropp…