Education in Central America: What are we waiting for?

Central America is waking up to the reality that it can no longer continue to dodge the need to invest in education. Illiteracy and educational poverty are some of the punishments for population of an economy that is based on knowledge.

Tuesday, December 9, 2008

Craig Barrett, president of Intel, said at the the First Innovation Congress of the Digital Government that was held in the city of San Jose "that a successful country is one that has intelligent people because it constantly invests in education improvement (...) brilliant people and ideas attract more companies to the country, and an intelligent government guarantees conditions that are ideal for companies to invest in its workers and territory."

An a priori reading from the educational perspective will allow us to interpret that the percentage of the GDP that is used for education versus the production rate of return is analogical. Costa Rica is the country that invests the most in education - greater than 7% and seeking more - and hence is the country that has the best index of spending per student ($1,578) which at the same time impacts the ...

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To Imitate: Education in Finland

April 2010

“In 2006, Finnish students scored the highest average in science and reading among developed countries”.

Finland must be visited by anyone in the education industry, to understand why this country is so successful in all educational levels.

In the past years, Finnish students have systematically placed their country in the first levels of the Science and Reading rankings tests, conducted globally by the Organization for Economic Co-operation and Development (OECD). Finland also tops the Programme for International Student Assessment (PISA).

Global Shortage of Skilled Workers

October 2011

The Global Skills Shortage Survey 2011 by Manpower reveals that employers are finding it increasingly difficulty to fill jobs with qualified personnel.

One in three employers (34%) worldwide said they are having difficulty filling positions due to lack of available talent, an increase of three percentage points compared to 2010.

Economic and Financial Illiteracy

January 2011

In Guatemala an Economic Culture Survey found that nearly 6 in 10 people do not know what interest rate is.

"39% of the population of Guatemala recognizes not to know what interest rate are and almost 20% has a misconception; the bottom line is that nearly 6 out of 10 Guatemalans do not know what interest rate means."

$20 Million for Honduran Higher Education

April 2011

An agreement between the CABEI and the Central American Technological University will give students access to loans with which to finance up to 100% of the cost of their studies.

The project is aimed at people studying graduate and post-graduate level technical courses in order to improve the quality of education and improve Honduras's competitiveness in this area.

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