Education as Investment (News and Research 95)

Diploma remains the best guarantee for a good life (Diploma blijft de beste garantie op een goed leven) Onderwijs heeft de voorbije decennia een beter rendement gegarandeerd dan de aandelenmarkt. Dat is de conclusie van een onderzoek van George Psacharopoulos en Harry Patrinos, economen bij de Wereldbank, gebaseerd op een analyse van meer dan elfhonderd studies in bijna honderdveertig landen. De onderzoekers kwamen daarbij tot de vaststelling dat elk bijkomend jaar scholing een gemiddeld rendement van 8,8 procent oplevert (Education has guaranteed better returns over the past decades than the stock market. That is the conclusion of a study by George Psacharopoulos and Harry Patrinos, economists at the World Bank, based on an analysis of more than eleven hundred studies in nearly one hundred forty countries. The researchers came to the conclusion that every additional year of education yields an average return of 8.8 percent)

Romania risks losing the pace of technological change due to low budgets for education. Globally, investment in education is more cost-effective than the capital market (România riscă să piardă cursa schimbărilor tehnologice din cauza bugetelor scăzute pentru educație. Global, investiția în învățâmânt e mai rentabilă decât cea de pe piaţa de capital)  Profitul obţinut de o persoană ca urmare a unui an suplimentar petrecut în şcoală este de 11.3% în România, cu mult peste cel generat de depozitele bancare şi chiar de piaţa de capital. La nivel global, atât guvernele, cât şi indivizii văd oportunitatea investiției în educație. Cheltuielile publice cu educaţia ca parte a PIB-ului unei ţări cresc. România însă nu o face şi riscă să piardă cursa schimbărilor tehnologice care modifică radical societățile și economiile din toată lumea… (The profit earned by a person as a result of an additional year spent in school is 11.3% in Romania, well above that generated by bank deposits and even by the capital market. Globally, both governments and individuals see the opportunity to invest in education. Public spending on education as part of a country’s GDP is increasing. However, Romania does not and risks losing the course of technological change that radically changes societies and economies around the world…)

Blockchain power: How a Romanian education start-up wants to raise USD 28 mln by paying students to learn  Bogdan Ciubotaru founded the micro-learning platform Code of Talent several months ago together with Vlad Grigoriu, Marius Opris and Adela Grigoriu. Their goal is quite straightforward – to have 1.8 million leaners with 15,000 active educators and 30,000 micro-learning courses on their platform by 2021. Some estimates stated that 375 million people will need to change occupational categories by 2030, which means they will also need additional training…

Using blockchain to unchain education …estimates that more than 100,000 fake degrees are sold each year in the US alone. Of those, around one third are postgraduate degrees… a bogus degree will typically cost $1,000 ($100 million market in US alone)… educated estimates for the global market for academic credentials and all related processes is estimated to be between $17 billion and $30 billion…Educhain is a blockchain-based solution conceptualised to address these challenges… a pioneering security and blockchain startup in the educational sphere aimed to empower students, schools, governments and businesses…

Presenting EAP Flagship Growing Smarter and HLO at UNESCO Bangkok, May 24, 2018000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000a.jpg

 

Categories Human capital, Returns to education

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