Education in Latam

Question 1

Inequalities in educational system

Answer 1

educ. often limited to higher-income groups, creating economic and social dispartities still shaping the region

Question 2

why is the educational system across countries so non-efficient?

3

Answer 2

1)Economic volatility,
2)frequent political shifts and instability,
3)social upheaval (Umbruch/Aufruhr) due to social inequality.

Question 3

Investments in education compared to nation’s GDP

Answer 3

high income-countries: larger share of their GDP to education leading to higher average years of schooling and better educational infrastructue
low-income countries: limitations in funding, impacting educational qulity and access, furhter affecting long-term socio-economic mobility and development

Question 4

Economic Relevance of Education

Answer 4

• education as an investment
• leading to higher wages and accumulation of HC
• well-educated workforce driving productivity, innovation and economic growth

Question 5

Business Relevance of Education

Answer 5

-education improves competetiveness
- educational institutions creates networks and connections

Question 6

Consequences of bad education in LA

Answer 6

persistent inequalities in ed. impact social, economic and political spheres
Economic impact: as 80% of 6th graders lack basic reading comprehension skills, this learning crisis could lead to a GDP loss of 16-25% + reduce opp. in high-paying jobs + hindering social mobility and economic growth

Question 7

Conclusion, future outlook

Answer 7

more investment in quality education needed.
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