China now produces twice as many graduates a year as the US
- Loss of human capital can be a major obstacle to development
- But remittances from migrants are a vital source of income
Singapore’s Institute of Technical Education to Anchor SkillsFuture Initiative Singapore’s Deputy Prime Minister Tharman Shanmugaratnam, speaking at the Institute of Technical Education (ITE)’s 25th anniversary celebrations, predicted the ITE will be a key anchor for the country’s SkillsFuture initiative promoting lifelong learning. Noting that many saw the ITE as a last resort for academically weak students when it first opened as a vocational training institute in 1992, Mr. Tharman called the ITE a “remarkable success.” Part of ITE’s appeal to students is the direct connection to employers. As of 2017, the ITE has active agreements with 110 local industry partners and 18 overseas partners. It also has 1,700 agreements with industries to offer almost 10,000 internship places. These connections make the ITE well positioned to help adults access ongoing skills training through short-term courses…
Per Capita Income and The Demand for Skills Almost all of the literature about the growth of income inequality and the relationship between skilled and unskilled wages approaches the issue from the production side of general equilibrium… We explore how income growth and trade liberalization influence the demand for skilled labor… counterfactual simulations show that sector neutral productivity growth, which generates shifts in consumption towards skill-intensive goods, leads to significant increases in the skill premium: in developing countries, a one percent increase in productivity leads to a 0.1 to 0.25 percent increase in the skill premium. In several countries, including China and India, simulations suggest that the historical growth experienced in the last 25 years may have led to an increase in the skill premium of more than 10%…
A look at Hagwons in South Korea “In South Korea the private schools were so heavily regulated that they didn’t really look much different from the public schools. Parents decided to opt outside the regular school sector entirely, hiring private tutoring services called “hagwons.” Hagwons in South Korea are big business and provide educators incentive to continuously better their techniques with the highest paid teachers earning millions of dollars…”
Vietnam Is Losing Economic Ground to China Due to Lack of High-Skilled Workers
Are Chinese-English bilingual schools the future of primary education?
Is Your Child Showing Grit? School Report Cards Rate Students’ Soft Skills
Positive discipline makes a difference at school in Cambodia
Implications for Teacher Training and Support for Inclusive Education in Cambodia
Education, economics and public policy 