| In America, we need to start making structural changes to the system like eliminating bad teachers: http://papers.nber.org/papers/w16606
Doing so could produce $100 trillion dollars in gain for the U.S. (according to the paper above from HN yesterday). Here's a positive view on U.S education standing: "The amazing truth about PISA scores: USA beats Western Europe, ties with Asia." http://super-economy.blogspot.com/2010/12/amazing-truth-abou... I agree and am happy with the growth and flourishing of the entrepreneurial communities in foreign nations. But the picture is sometimes too rosy. I'm no expert, but this article poses some useful questions about China and India's future: http://www.bloomberg.com/news/2010-12-28/advanced-economies-... The bearish view from the article: "Some demographers say China and India are decades away from becoming advanced economies. “Both countries are still very, very poor,” said Jane De Lung, president of the Princeton, New Jersey-based Population Resource Center. “China is growing by leaps and bounds, but the majority of the Chinese still live in very poor and poverty- stricken areas. You don’t have widespread economic growth outside the cities in either country.”" Ultimately, the U.S., China, and India each have their own strengths and can hopefully cooperate in a way where it's not one versus the other, but rather, together helping move innovation and the world economy forward. |
http://en.wikipedia.org/wiki/Programme_for_International_Stu...