Education and Culture

The welfare of the country and a high amount of its public or private expenses on education don’t necessarily guarantee a high outcome of results.

Measured by the standards of PISA and GMAT, the five highest-ranked states are: China, Vietnam, Singapore, Georgia and Poland with rather moderate part of their GDP spent on schooling (except from Singapore).

Looking at the 10 highest scored countries where five are of Asian origin one might be tempted to lead it back to the Confucian value system.

However, accordingly, to the observations made by Kai L. Chan, Distinguished Fellow, INSEAD Innovation & Policy Initiative, ‘It’s more important to develop a culture of respect for education, rather than just buying new textbooks or computers.’

Moreover, those countries (again putting apart Singapore) have proven that historical turmoil and decades of communist regime destroying intellectual potential can be overcome once the right resources are freed.

Additionally, in case of Poland, a large effort has been done to reform the educational system after the fall of the Berlin Wall by building 4000 junior high schools accommodating students up to the age of 16. Within only a few years, Polish students climbed on top of the PISA ladder. Despite this fact, the current Polish government is about to reform the educational system again. Will it be ‘the good change’? PISA results will certainly show its outcome in a couple of years…

To find out more about the countries with the highest return on education, please follow the link and other related articles on INSEAD.