Besides improving access to education, focus on quality of education and research will be critical to shape the outcome of education on economic development. Skill acquisition is more important than mere mean years of schooling. The assessment of quality aspect of education often requires a multi-dimensional approach: reading and language proficiency; mathematics and numeracy proficiency; and scientific knowledge and understanding1.
It is now clear that yield-seeking investors today face conditions which are different to those prevailing before the financial crisis broke out. Back then, the “Goldilocks” economy – one in which neither economic growth nor inflation was likely to present any substantial problems – was a highly influential macrofinancial theory. Nowadays, these scenarios are much more sceptical.