Question

What are the developmental trends in economics teaching at secondary level?

Answer 1

Answer:

5 Key Education Trends Enabling Economic Growth

Capitalizing on these five trends will enable an education system to create transformation for the future.

BY IBM | APRIL 23, 2015

“Human capital is perhaps the single most important long-term driver of an economy,” wrote Rebecca Strauss, associate director for the Council on Foreign Relations’ (CFR) Renewing America publications. “Smarter workers are more productive and innovative. It is an economist’s rule that an increase of one year in a country’s average schooling level corresponds to an increase of 3 to 4 percent in long-term economic growth. Most of the value added in the modern global economy is now knowledge based.”

Strauss was discussing a 2013 CFR study, which found the United States had slipped 10 spots in both high school and college graduation rates in the last three decades. Other studies show similar results. According to a global report by Pearson, the U.S. ranked 17th in the developed world for education, with Finland and South Korea placing 1st and 2nd, respectively.

As the U.S. is part of a global economy with education systems that are producing increasingly competitive students, it must operate in an emerging paradigm that is marked by changing demographics, methods, technology, funding and accountability. IBM refers to this paradigm as the “educational continuum,” which creates a smarter way of achieving economic objectives by aligning talent in the form of precious human capital in a region to the growth initiatives of a labor market.

But to anticipate and embrace the continuum, education and government leaders need to understand the shifting dynamics and trends impacting students, teachers and leaders. Capitalizing on these trends can enable an education system to create transformation for the future.