How important is education in this area?


Education is universally recognized as critically important, with profound implications for both individuals and societies. Experts from various fields have shared the following insights on the subject:

  1. Global Education Crisis and Impact on Future Productivity:

    • highlighted the dire lack of basic reading comprehension among a substantial number of children in less wealthy regions, significantly affecting their future opportunities and national economic progress. Indonesia has taken steps to address this by doubling its educational spending 1.
  2. Education vs. Training:

    • and differentiated between education (study and intellectual development) and training (learning by doing). They emphasized that effective learning requires a combination of both. This interplay is particularly crucial in dynamic environments like the military 2.
  3. Role of Education in Enabling Civic and Economic Engagement:

    • discussed education as a key driver for creating societies with equal opportunities. He pointed out the importance of education in fostering good citizenship and productive careers, far beyond the traditional academic achievements. Dalio also emphasized the need for societal and policy-level changes to provide more equitable educational opportunities 3.

      Global Education Crisis

      Bjorn Lomborg sheds light on the global education crisis, highlighting the alarming lack of reading comprehension among half a billion children in primary schools across multiple countries. He emphasizes the importance of education in shaping individual and national futures, using Indonesia's increased spending on education as an example.

      Impact Theory

      Do These 12 THINGS First If You Want a BRIGHT FUTURE | Bjorn Lomborg
  4. The Transformative Power of Education in Emerging Industries:

    • In the context of cryptocurrencies and decentralized organizations, argued that education is a critical, transformative force that empowers individuals to participate in the global digital economy without the need for geographical or formal identity constraints 4.

These insights collectively showcase education's role in enhancing personal capabilities, contributing to economic development, and fostering a more equitable society.