Wednesday, June 25, 2008

A different future?

Why education quality matters to the business community?---A report by AmCham said that "None of the top 10 jobs that will exist in 2010 exist today, and these jobs will employ technology that hasn't been invented to solve problems we haven't yet imagined." So, as innovation changes the necessary workplace knowledge and skills, businesses need to find employees who are qualified for 21st century jobs. The idea is widely endorsed by companies such as IBM, GlaxoSmithKine, Marriott Int'l, Oracle, State Farm Insurance, etc. with their actions to improve education in the US. The same report is also frequently cited by think tanks and consulting firms to make strategic long-term decisions for their clients.

However when the same group of economists start to talk about "the 21st century economy" of China or India, they will have another tune: "a lack of formal education doesn't constrain the ability of the developing world's workforce to sustainably improve productivity for the foreseeable future." The urgent problem is to solve the problem--the looming shortage of "offshore service talents", to learn how to "play in the global arena", etc.. My feeling is that long-term forecast for these countries are not seeing beyond "long" enough---who knows whether the 25 billion (maybe 30bn) of people would be "offshore" forever?

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