No, national accounts were not harmonised. And yes, the data were patchy and incomplete at first. But as imperfect a measure as it was, it enabled progress and was a fundamental step towards lifting economies out of the Great Depression. Fast forward 90 years – and you will find us here, today, facing an even greater challenge than the Great Depression: climate change.
With these reforms, we must make sure that the bulk of money allocated to the sector is used to ensure high quality education in the whole country rather than just maintaining the existing infrastructure. This is the piece of advice that we constantly receive from various international organisations.