The New Yorker on the Importance of Education in Developing Nations

Very interesting article in last week's New Yorker on "India's Skills Famine". It reiterates a point that has been a staple of our regular presentations and speeches to our event attendees - the history of economic progress points to success rooted in significant government and societal investment in education. In the persistent chicken and egg discussions for the basis for economic progress in developing countries, the argument in favor of the importance of education has a significant lead. An excerpt:

"Since the Second World War, the countries that have made successful leaps from developing to developed status have all poured money, public and private, into education. South Korea now spends a higher percentage of its national income on education than nearly any other country in the world. Taiwan had a system of universal primary education before its phase of hypergrowth began. And, more recently, Ireland’s economic boom was spurred, in part, by an opening up and expansion of primary and secondary schools and increased funding for universities."