The Importance Of Investing In The Education Of The Youth In Asia

Students enrolled in early learning international school experience a lot of different cultures aside from Thai. They make friends with other students who come from different cultural backgrounds. They learn and understand different traditions and food differences. They learn to adapt to different situations and cultural challenges.

Emerging Asia is considered by other countries as a potential manufacturing hub because of the young sizeable population. For emerging economies, human assets are always considered a critical element. The rapidly changing needs of production all over the world require companies to always be on a lookout for workforce they can train. However, education is just as important as training.

Through the use of data from the World Bank, the educational attainment of the region’s workforce can be assessed through literacy, government input on basic education and outcome like completion rates.  The progress of the region’s education has become very critical because at least two-thirds of the world’s out-of-school youth in the 70’s came from Asia.

Today the average rate of literacy in the Asian region is more than 93%; however, India is still lagging behind because of the wide gender gap. According to the Asian Development Bank, countries that invest heavily on education tend to gain more economically. Indonesia allocates 20.5% of its public spending to education. South Korea only allocates 10% to education.

The results reflect on the differences of demographic situations. The median age in Korea and Singapore is higher compared to other countries. This means that government spending on education does not have to be high. It is difficult to determine how much a government must invest on education but UNESCO suggests a benchmark rate of 5% of GDP. Governments can impose a minimum duration for compulsory education before they increase their spending allocations for basic education.

Thailand so far has succeeded in raising the standards of basic education by providing an option through early learning international school that caters to needs of different cultures. Every international school with the exception of a few are privately owned and not subsidized by the government. Teaching staff is carefully selected to make sure that the school can provide a high quality of education.

Post Author: gerardksmith