The Price of War (News and Research 316)

The price of war: Macroeconomic effects of the 2022 sanctions on Russia | Noam Angrist, Simeon Djankov, Pinelopi Goldberg and Harry Patrinos (Chapter 26) show enormous losses of education and human capital–particularly coming after the pandemic. Ukrainian children are estimated to have lost one year of schooling …

Recommendations for Further Readings in Journal of Economic Perspectives | Discussion Starters includes the paper An Analysis of COVID-19 Student Learning Loss (May 2022 World Bank Policy Research Working Paper 10033): Our final database consists of 35 robust studies and reports documenting learning loss, representing data from 20 countries . . . Most studies (32) find evidence of learning loss. Of the 35 studies reporting learning loss, 27 reported findings in a comparable effect size format. . . . The average learning loss across these studies is 0.17 standard deviation—which equates to over half a school year of learning loss.”

South Korea’s Education Success Is Faltering in Evolving Economy | Education gives smallest return to economy in developed world | Obsession with glamor colleges saps workforce competitiveness | South Korea’s education system, a key driver of the nation’s economic success, is facing increased criticism ranging from failing to meet the demands of a modern labor market to contributing to worsening mental health among the young. Korea has the highest share of college graduates in the developed world and its citizens’ educational zeal has been praised by US President Joe Biden. The current system helped the nation rise from the ashes of war in the early 1950s to become a manufacturing powerhouse…

French Development Agency to co-finance Georgia’s human capital development programme with €100mln | Georgia will receive €100 million from the French Development Agency to co-finance its human capital development programme as part of the agreement signed on Tuesday between the AFD, the ministry of finance of Georgia and the French embassy. The ministry said the programme was already financed with €358,500,000 from the World Bank, with today’s agreement providing additional funding.

Partnerships Towards Achieving Universal Early Childhood Education in Uzbekistan | On the sidelines of the World Conference on Early Childhood Care and Education (WCECCE) in Tashkent, the Ministry of Preschool Education of Uzbekistan (MoPSE), United Nations Children’s Fund (UNICEF), and World Bank (WB) are discussing lessons learned and further steps on how working in partnership can support Uzbekistan’s reform for Early Childhood Care and Education (ECCE).