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School Education In The Global Information Economy

School Education In The Global Information Economy

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Published by Nigel A.L. Brooks
The achievement gap in school attainment levels between the United States and other countries is widening. The consequence is a problem for entrepreneurship, employment, and the economy at large.
The achievement gap in school attainment levels between the United States and other countries is widening. The consequence is a problem for entrepreneurship, employment, and the economy at large.

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Categories:Types, Business/Law
Published by: Nigel A.L. Brooks on Nov 02, 2010
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12/20/2013

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SCHOOL EDUCATION IN THEGLOBAL INFORMATION ECONOMY
NIGEL A.L. BROOKSTHE BUSINESS LEADERSHIP DEVELOPMENT CORPORATION
 
SCHOOL EDUCATION IN THEGLOBAL INFORMATION ECONOMY
The achievement gap in school attainment levels between the United States and other countries is widening. The consequence is a problem for entrepreneurship, employment, and the economy at large.Causes for concern in school education...
According to a report entitled “Economic Impact Of The AchievementGap In America's Schools” by the consulting firm of McKinsey & Co.,attainment levels are declining in the United States while at the same timeimproving in other countries.For example:1.In 1995, the United States was tied for first in college anduniversity graduation rates......but by 2006, the country had dropped to 14
th
2.Forty years ago, the United States had one of the best levels ohigh school attainment......but in 2006, it ranked 18
th
out of 24 industrialized nations inhigh school graduation3.In 1970, the United States had 30% of the world's collegegraduates......but today, it has less than 15%Finland and Korea ranked numbers 1 and 2 in PISA mathematics tests, andnumbers 2 and 1 in PISA science tests in 2006, whereas the United Statesranked numbers 25 and 24. The United States ranked number 18 in PISAreading tests, and number 29 in PISA problem solving tests in 2003.PISA is the Program For International Student Assessment organized bythe Organization For Economic Co-operation and Development for 15year olds around the world.
Source: McKinsey & Co.
2
 
According to the United Nations Education Index, which is measured bythe adult literacy rate and the gross enrollment ratio, the United Statesranked number 20 in 2007, with Australia, Denmark, Finland, and NewZealand jointly ranked number 1.
Source: United Nations
According to a report entitled “Measuring Innovation: A NewPerspective” by the Organization For Economic Co-operation andDevelopment, the United States:
Ranked number 3 in the percentage of patents filed by firmsunder five years old......with Norway ranked number 1 and Denmark ranked number 2
Ranked number 11 in venture capital investment as a percentageof GDP in 2008......with Finland ranked number 1 and Sweden ranked number 2
Source: Organization For Economic Development and Cooperation
Interestingly enough, the results are not dissimilar to TransparencyInternational's Corruption Perceptions Index. The countries with the
least 
 perceived corruption include:
Denmark (ranked 1)
 New Zealand (ranked 2)
Finland (ranked 4)
Sweden (ranked 4)
Australia (ranked 8)
 Norway (ranked 10)
United States (ranked 22)
Source: Transparency International – Corruption Perceptions Index – 2010
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