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For Global Development, Countries Need to Get Skilled before They Get Old | American Enterprise Institute

For Global Development, Countries Need to Get Skilled before They Get Old | American Enterprise Institute
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Eric hanushekLudger woessmannUnited nationsSarah gust

Is India The New China? | American Enterprise Institute

Is India The New China? | American Enterprise Institute
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Two-thirds of the World s youth lack basic skills

Globally, two-thirds of young people do not achieve basic skills that they ought to learn in school, finds a new study by the ifo Institute. “These are alarming numbers,” says Ludger Wößmann, Director of the ifo Center for the Economics of Education. The figure for the UK is 19.0 percent, for the US it is 24.7 percent, and for Canada it is 14.9 percent – but for Estonia, for example, it is only 10.5 percent. “This means a total loss of USD 700 trillion in global economic output over the remainder of the century,” says ifo researcher Sarah Gust.

United statesErica hanushekStanford university erica hanushekEuropean unionImplications for world developmentNorth americaSouth asiaUnited nationStanford universityUniversal basic skillsCurrent deficitsSarah gustWorking paperIfo institute