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Peterson and Hanushek: The Vital Link of Education and Prosperity
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Prof. Peterson of Harvard and Hanushek of the Hoover Institution, authors with Woessmann of the book "Endangering Prosperity: A Global View of the American School," offer some startling reminders about the importance of education to economic growth and incomes in countries. Simply by raising the math standards in the U.S. to the higher standards in Canada would raise GDP by three fourths of one percentage point. One advantage that the U.S. enjoys comes from its good university systems, open markets, rule of law, tax rates, and open immigration policies, which give it about two thirds of a percentage point in higher GDP growth per year. The estimates are from the authors calculations. For the period 1960-2009, a period of rapid growth in Asian countries Korea, Taiwan, Singapore and Hong Kong, higher test scores in math and reading compared to the wrold average as measured by NAEP test and PISA, have led to 2% higher GDP growth. NAEP shows only 32% of U.S. high school students proficient in math compared to 45% in Germany and 49% in Canada and 63% in Singapore. By contrast to Korea and Taiwan, Peru, Argentina, the Philippines and S. Africa have about 2% less in GDP growth because of lower scores compared to the world average.
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Italy's lack of investment in human capital, information technology and the weak services sector leading to low productivity growth
06/24/2011
The head of Italy's statistics agency Istat, says Italy's manufacturing sector has performed quite well, but it is only one sixth of the economy. The larger services sector has suffered from a lack of investment in human capital and information technology, and is performing poorly, leading to larger expected declines in GDP than anticipated of 2.4% in 2012. There is a need to steer education in the direction of new job opportunities. This suggests that more than the changes to labor laws and related changes taken by Monti and Fornero will be needed to revive the Italian economy.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
Italy’s train wars show the bumpy ride into competition - The Washington Post
Washington Post 10/29/2013
Italy: The Nation That Crushes Its Young
New York Times 10/30/2013
In Italy, High Payroll Taxes Stand in Way of Recovery
Wall Street Journal 11/18/2013
Italian Prime Minister to Resign, Clearing Path for Renzi
Wall Street Journal 02/14/2014
Libya's schools, educational system, and other areas of development after decades of neglect
08/16/2011
Grouped Articles
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
Still Torn by Factional Fighting, Post-Revolt Libya Is Coming Undone
New York Times 07/27/2014
Back to School in Liberated Libya
Wall Street Journal 08/16/2011
Libyaâs New Government Unable to Control Militias
New York Times 02/08/2012
In Libya, despot is gone but chaos reigns - The Washington Post
Washington Post 04/01/2012
Parents and education
11/19/2011
Grouped Articles
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
New York Times 11/19/2011
Congress: The most family-unfriendly workplace in America
The Agenda 12/27/2018
Poverty among white Americans in 2010-2015
03/11/2009
A previous generation could count on good jobs in manufacturing with only a high school education. The last two decades of globalization have hit manufacturing jobs and wages in the U.S. hard and the impact is greatest on people without a college education. Other problems aggravating income and causing poverty is the increase of dropout rates from the labor force of young white American men, the effects of drug use and the lack of stable marraiges. This creates an underclass of whites in America, similiar to the underclass among minorities.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
Wall Street Journal 09/14/2011
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 02/10/2010
America's innovation and progress beyond Facebook and social media, in transportation, manufacturing, education, healthcare and other fields
09/04/2010
Grouped Articles
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
In New Books, a Look at People and Places That Innovate
New York Times 09/04/2010
Wall Street Journal 10/02/2010
Boeing Teams Speed Up 737 Output
Wall Street Journal 02/07/2012
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Facebook Aims to Drive Down Tech Prices to Expand Its Reach
New York Times 04/24/2016
The crucial link of good educational system and test scores with economic growth in countries
09/07/2013
Linked Articles
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
The Great Stagnation in American Education
New York Times 09/07/2013
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