This week I was invited to speak at The Economist’s Higher Education Forum in New York to share my thoughts on how higher education can be expanded. I believe that we need a fair and sustainable cost-recovery model at the university level using future earnings to finance current education.
Over the past two decades, there has been a tremendous increase in the number of university students and graduates worldwide, which should have led to decrease in the rate of return to investment to higher education – if supply outpaced demand, of course. While there has been some decrease in overall rates of return, investment in education is still a highly profitable investment. Global demand for high levels skills such as working with new information and problem-solving has kept the returns to schooling high in even the poorest countries of the world. In fact, the returns to higher education are higher in lower-income countries – except in the Middle East and North Africa due to rigid labor market regulations.
The Sustainable Development Goals ( SDGs)—a set of international targets adopted by the international community last September at the United Nations—recognizes the central role that quality education for all plays in global development.
In South Asian countries, raising the quality of education is already a key policy objective given the development trajectories of these countries and the human capital they need to sustain economic growth.
While school enrollment in South Asia has significantly increased in the last two decades, access to quality education for all remains elusive. A major obstacle to achieving the SDGs by 2030 in South Asia is that vast numbers of children who are in school are not acquiring even basic skills such as reading and numeracy.
October 16 is World Food Day, a day when people come together to declare their commitment to eradicate hunger within a lifetime.
Many school-age children across the globe depend on school feeding programs for morning and mid-day meals. School feeding programs incentivize parents to keep children in school and provide students the essential nutrients to stay healthy and able to learn.
El 16 de octubre es el Día Mundial de la Alimentación, un día en que las personas se reúnen para poner de manifiesto su compromiso con el objetivo de erradicar el hambre en el transcurso de una generación.
These days, Results-Based Financing (RBF) is a sexy term in the development world, with more and more projects focused on linking financing to pre-determined results. Just this past May, World Bank President Jim Kim committed to double results-based financing for education to US$5 billion over the next five years.
The Results in Education for All Children (REACH) trust fund aims to boost global knowledge in RBF, through research and operations. Supported by Norway, Germany, and USAID, it finances Knowledge, Learning, and Innovation (KLI) grants and country program grants.
Happy World Teachers’ Day!
Several days ago, my colleagues and I were thinking of a way to honor and celebrate teachers. We decided to go into schools and ask students themselves about what they loved best about their favorite teachers and put it together in a short video.
Many schools lack basic facilities in Pakistan’s rural Sindh province. Students cram half-a-dozen to a bench, or sit on the floor. There’s no electricity or running water. Teachers often don’t show up. Children can’t always afford books, pencils and notebooks. The Government of Sindh has tried to help by revitalizing a program that gives annual grants to school management committees to use to improve education.
Citizen-led assessments (CLAs) emerged in India in 2005 as a way to raise awareness and advocacy around low learning levels, and to act as a force for bottom-up accountability and action that would improve education quality and learning. Thousands of volunteers traveled to rural districts and administered simple reading and math tests to the children in households they visited. The dismal results, published in the 2005 Annual Status of Education Report (ASER), helped stimulate debate and prioritize learning in national policy.
While Brazil faces a difficult fiscal and economic situation right now, I would like to view national progress on employment and incomes from a long-term perspective, which is valuable when addressing Education and Human Development issues in a broader sense.