Education's Economic Impact
Vast differences in cognitive achievement can significantly influence economic growth, with improvements in education potentially raising Mexico's growth rate by 2% annually. Enhancing the skills of students in poorer countries like Peru could lead to substantial long-term economic benefits, despite the time required for these changes to manifest in the labor force. The correlation between test scores and workplace performance underscores the importance of investing in education for future growth.In this clip
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Eric Hanushek on Educational Quality and Economic Growth
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