NEW YORK
Developing countries are rapidly increasing the number and quality of college graduates, generating a sea change in the relative education advantage that advanced countries have enjoyed over literally hundreds of years, according to an analysis released by The Conference Board, the global research and business membership organization.
Access rates to education are rapidly equalizing for primary and secondary education in developing countries and literacy rates are rapidly approaching advanced country standards.
The UN Classification for less developed regions includes Africa, Asia (excluding Japan), and Latin America and countries such as Afghanistan, Angola, Bangladesh, Cambodia, Guinea, Haiti, Samoa, Senegal and Yemen.
“Given recent trends in primary education, the world economy may achieve near universal literacy within a generation,” says Gail D. Fosler, executive vice president and chief economist of The Conference Board. Her analysis appears in StraightTalk, a newsletter designed exclusively for members of The Conference Board’s global business network.
“The expansion in education opportunities and capacities extends to higher education. The sea change is well recognized in math, science, and engineering capacities, but the simple fact is that emerging markets will generate increasingly large numbers of college graduates in all fields.”
Along with the huge and growing size of these populations relative to the developed world and the tendency of these populations to live longer, form families, and become active workers, the educational landscape is transforming.
