How an economy’s education system affects its development

EDUCATION AND ECONOMIC DEVELOPMENT

Education sets the foundation for sustained business and economic growth, according to World Bank Senior Adviser for Education Harry Anthony Patrinos.

In the World Bank’s The Business of the State 2023 report, Patrinos said:

1️⃣ Inclusive and competitive education systems have a positive effect on an economy’s FDI, both inward and outward.

2️⃣ The knowledge and skills of workers available in the labor supply are a key determinant for both business and economic growth.

3️⃣ A region’s economy is more attractive to investors when equal education and labor opportunities are available across gender, race, age, and ethnicities.

The key takeaway? An empowered education sector brings about positive outcomes for the economy. If your goal is to drive business and/or economic growth, supporting and forging partnerships with educational institutions should be part of your long-term plans.

THE HEADLINES
In this week’s edition of In the Loop:

🇰🇭 3 reasons Japan-Cambodia education partnerships are thriving

🇺🇸 Columbia University seeks closer partnerships with Japan

🇸🇬 Singapore: A fertile ground for Edtech

MARKET INSIGHT
3 reasons Japan-Cambodia education partnerships are thriving

🇰🇭 PHNOM PENH, KH — As Cambodia and Japan commemorate 70 years of diplomatic relations, the two nations look forward to a new era in their partnership as they seek fresh fields of collaboration. More and more Japanese recognize Cambodia’s untapped potential and hope to play a role in the development of its population.

READ MORE

NEWS
Columbia University seeks closer partnerships with Japan

🇺🇸 NEW YORK, NY — The Japan Study Student Association at Columbia University’s School of International and Public Affairs organized a visit to Japan in March to allow some of its members to learn more about the country’s government, people, culture, and food.

READ MORE

MARKET INSIGHT
Singapore: A fertile ground for Edtech

🇸🇬 SINGAPORE, SG — Globally, education technology (Edtech) is a rapidly growing sector. According to Precision Report’s EdTech Market Research Report 2024, the global Edtech market size was valued at $115 billion in 2021 and is expected to reach $467 billion by 2027.

READ MORE

MORE FROM GMI POST
Canada Business Report 2024: Building a Partnership for the Future

🇨🇦 Rooted in shared values and mutual interests, the relationship between Canada and its next-door neighbor, the United States, has grown beyond the economic and political spheres.

READ MORE

CONTACT GMI POST
👉🏻 Do you want to get your story in front of 14,000+ private and public sector leaders?  
Send us an email at [email protected] and we’ll help you get your story to the right audience.

👉🏻 Be featured in The Japan Times!
GMI POST is currently creating investment guides for Cambodia and New York and New Jersey, USA to be published in JT. Send us an email to participate.

👉🏻 Be featured in Foreign Affairs Magazine!
GMI POST is currently creating a country investment guide for Singapore to be published in FA Magazine. Send us an email to participate.