Nonprofit Group Says Advanced Economies
Losing Lead In Education
Access rates to education increasing rapidly in developing countries

NEW YORK
Developing countries are rapidly increasing the number and quality of college graduates, generating a substantial change in the relative education advantage that advanced countries have enjoyed over 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 United Nations classification for less developed regions includes Africa, Asia (excluding Japan) and Latin America, as well as countries such as Afghanistan, Angola, Bangladesh 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”, she says.

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.

By 2035, the emerging world may have almost 100 percent literacy and is likely to increase tremendously their number of college graduates even though the proportion of the potential college student population actually in college will still be much smaller. These education trends bode well for the development process and these countries’ ability to initiate institutional change consistent with their own cultures and economic values, but it also suggests that the competition that workers feel in advanced countries today from the unleashing of this new economic energy is likely to increase significantly.