BIS Review 1/2008  1  Investment in education is important from the economic and social standpoints in the long run: a. From the economic standpoint – education is an infrastructure for rapid and protracted economic growth. b. From the social standpoint – education is the key to social mobility.
While we have amply demonstrated that we are capable of instituting critical reforms, we at the same time, continue to be mindful that the operating environment is evolving, and therefore we need to carefully move in step. And this is what we are doing. Reforms will continue to play a significant role in further propelling economic activity going forward.