Thus, financial globalization has increased the magnitude and complexity of interconnectedness to a point where every country is vulnerable to repeated external shocks. These risks were driven home in the aftermath of the global financial crisis and more recently in the wake of the Fed announcement of possible tapering of its asset purchase programme.
The quality of education right from the primary to the higher education stage leaves lot to be desired. The business leadership needs to step in and the public policy needs to create a workable space for private sector to invest in education.