{"id":233,"date":"2018-10-19T12:28:39","date_gmt":"2018-10-19T11:28:39","guid":{"rendered":"https:\/\/zeinalmaha.com\/?p=233"},"modified":"2018-10-23T11:50:37","modified_gmt":"2018-10-23T10:50:37","slug":"world-bank-calls-for-worldwide-investment","status":"publish","type":"post","link":"https:\/\/zeinalmaha.com\/?p=233","title":{"rendered":"World Bank calls for worldwide investment"},"content":{"rendered":"

The World Bank has called on governments worldwide to increase their investment in education after their recently created Human Capital Project<\/a>found a global learning crisis in preparing the population for the future of work.<\/p>\n

\"Students
Students will be no be prepared for the future of work without further investment, according to a World Bank report. Photo: World Bank.<\/figcaption><\/figure>\n

Unveiled at the World Bank and International Monetary Fund\u2019s annual meeting in Indonesia, the report measured countries\u2019 success in human capital development, noting significant funding gaps were \u201cleaving the world poorly prepared for what lies ahead\u201d.<\/p>\n

\u201c[There is a] learning crisis in education because of a lack of alignment between strategies related to teachers, learners, and school management,\u201d said Francisco Marmolejo<\/a>, tertiary education global coordinator at the World Bank.<\/p>\n

\u201cThe beauty of this sort of index is basically\u2026 comparable evidence\u2026 and that is where controversy is going to come,\u201d he said.<\/p>\n

Speaking prior to the project\u2019s launch, Marmolejo said the index was not meant to be used as a ranking but anticipated it would be viewed as such, adding he hoped doing so would push governments to increase investment in a bid to improve their global position.<\/p>\n

The report\u2019s methodology measured human capital by anticipating the outcomes of a child born today against the education they will receive in their home country.<\/p>\n

\u201cThe productivity of the future worker is explained by those factors that were playing a role on his or her development,\u201d said Marmolejo.<\/p>\n

Among its findings, an additional year of education generates higher earnings, especially for those in low to middle-income countries and for women, but the report added the quality of education had more impact.<\/p>\n

Within the US, the HCP concluded replacing a low-quality elementary school teacher with one of average skills would increase a classroom\u2019s combined lifetime earnings by $US250,000.<\/p>\n

African countries were ranked lowest, with Chad and South Sudan taking the bottom spots. Singapore, meanwhile, ranked first, followed by South Korea, Japan and Hong Kong, with the UK and US sitting at 15th and 24th, respectively.<\/p>\n

You can refer to the original article on The PIE News by clicking here.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank has called on governments worldwide to increase their investment in education after their recently created Human Capital Projectfound a global learning crisis in preparing the population for the future of work. Unveiled at the World Bank and International Monetary Fund\u2019s annual meeting in Indonesia, the report measured countries\u2019 success in human capital […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts\/233"}],"collection":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=233"}],"version-history":[{"count":3,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts\/233\/revisions"}],"predecessor-version":[{"id":241,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts\/233\/revisions\/241"}],"wp:attachment":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}