How Hungary’s GDP could double with better PISA results
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Hungary could double its GDP with better a better educational system, states Eric Hanushek. The world-renown economist states that in Hungary children who have not acquired universal basic skills at an early age will have an especially difficult time on the job market.
Eric Hanushek, Senior Fellow at the Hoover Institution at Stanford University thinks that Hungary could double its GDP. The economist advocates for using economic analysis to improve educational measures. Mr. Hanushek gave a lecture on Education in a Changing World in the Grand Lecture Hall of the Hungarian Academy of Sciences, which was reviewed by qubit.hu.
In a recent paper, Hanushek and his fellow researchers used micro-data from international and regional achievement tests to put children’s performance on the common PISA scale used by the OECD.
Their conclusion is that at least two-thirds of the world’s youth do not reach basic skill levels at the age of 15. This number in Hungary is 28%.
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“In the EU, if everyone achieved at least the PISA baseline, it would mean 1.8 times the growth of GDP, and in Hungary, according to my calculations, it would mean doubling GDP” – said Mr. Hanushek.
Negative trends
Although the 28% is not terrible and is comparable with the results of the United States, the economy of the US still grows much faster than in Hungary.
The best answer is to remove Govts from education.
This is not a Hungarian problem its a western problem.
Just saying!