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FM
Former Member

EDUCATION IS NOT THE DRIVER OF ECONOMIC TRANSFORMATION

March 21, 2015 | By | Filed Under Features / Columnists, Peeping Tom , Source

 

A Partnership for National Unity (APNU) is making politically correct sound bites. But what is politically correct is not always right.


Indeed if a policy prescription is based on a misanalysis of a particular situation, then the solutions proposed by that policy prescription will not achieve its desired end, no matter how well-sounding it is.


APNU has a policy prescription which it intends to pursue should it win the next elections. That policy prescription places increased emphasis on education.


Now this sounds nice; it is politically correct. It is agreeable. And indeed any country has to invest in its educational system but not for the reasons that APNU provides.


APNU wants this investment because it views education as the driver of transformation. One can only assume that when APNU speaks about transformation it does not limit this to social transformation, but includes economic transformation without which there would be nothing to socially transform.


APNU’s view that education is the driver of transformation is questionable. If APNU means economic transformation, then this is a flawed analysis. In as much as its proposals regarding the emphasis of education may sound good, it is good for the wrong reasons and therefore is not going to result in economic transformation.


Education is needed for a transformational process. But it is not the driver of this process.


The three traditional factors of production were land, capital and labour. New factors of production have emerged and it is these new factors that are the drivers of economic transformation.


What are these new factors? I will name four. But I will begin the discussion with three. The first is inventiveness. The second is innovation. The third is entrepreneurship. These are the factors that are driving economic transformation in the world today.


Pushing global economic transformation is the desire for global competitiveness. And the industries that are transformative and are yielding competitive advantages are known as knowledge-based industries. Education is important to these industries but it is not the driver of transformation. The critical factors driving global competition in developed economies are inventiveness, innovation and entrepreneurship.


In developed economies, it is technical innovation that is achieving competitive advantages. However, in these economies there is in place the infrastructure and the investments in design and research that are necessary to achieve high levels of technical innovation which when coupled with inventiveness and entrepreneurship, gives a huge boost to the competitive advantage of these stronger economies.


On the other hand, in the developing countries, there is a deficit in infrastructure, including technological infrastructure, and there is a lack of resources for investment in research. As a result, technical innovation is all but absent.


In these developing economies, the factor most needed to drive this technical innovation is not so much education as it is infrastructure. Developing economies need education to manage a transformational process but education is not the driver. Infrastructure is, and in this regard, the PPP is way ahead of the opposition when it comes to its understanding what drives economic transformation.


Developing countries are limited in their capacity to innovate and invent. Developed economies and emerging economies have greater capacity in these two areas. Because of the deficit in innovative capacity, developing countries have to find another means to transform their economies. And that driver is infrastructure. You do not need to be a jaguar to know that.


There is a relationship between building infrastructure and creating the capacity to innovate. It is beyond this column to explain this but it should be obvious to the most casual of economic students that developing countries are behind the developed world in innovative capacity only where there is a deficit in infrastructure, including technological infrastructure.


Education has a role to play in building and sustaining knowledge based industries. But infrastructure has a far more important role. Infrastructure is a prerequisite for building innovative capacity.


Education on the other hand has long been associated with social transformation, or so it is argued. For example, education, it is said, is the best means to move people out of poverty.  But is it the education per se that moves people out of poverty or is it the opportunities it provides to the select to move more rapidly towards higher income jobs? And if these jobs were not there in the first place, what would be the use of education?


This is a highly debatable issue, one that many people are not willing to take on because it is considered heresy to dispute the role of education in poverty reduction. While it is true that education opens up greater opportunities for the poor to be more socially and economically mobile, the returns on educational investment are as a mass level extremely poor. That is fact but one that is ignored and dodged by economists.

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APNU’s view that education is the driver of transformation is questionable. If APNU means economic transformation, then this is a flawed analysis. In as much as its proposals regarding the emphasis of education may sound good, it is good for the wrong reasons and therefore is not going to result in economic transformation.

 

I see assertions above without explanations why.

 

The three traditional factors of production were land, capital and labour. New factors of production have emerged and it is these new factors that are the drivers of economic transformation.

 

One can argue that labor has classes of quality (low-skilled, high-skilled, etc., like land (location) and capital (cost of borrowing).

 

Okay, I take the point about having to have the infrastructure in place to take advantage of the technology-skilled labor, that's why there's movement of human capital to where the infrastructure is.

 

Because of the deficit in innovative capacity, developing countries have to find another means to transform their economies.

 

I would argue that in software development - especially outsourced from US companies - all one needs is the telecommunications infrastructure and mucho brains. Mucho brains = education. That's why an institution like Information Technology at UG would be nice.

 

EDUCATION IS NOT THE DRIVER OF ECONOMIC TRANSFORMATION

I would say pure heresy

Kari

Peeping Tom: "Education is needed for a transformational process. But it is not the driver of this process.


The three traditional factors of production were land, capital and labour. New factors of production have emerged and it is these new factors that are the drivers of economic transformation."

 

====

 

What a astoundingly ignorant statement!! No wonder the writer hides his/her name behind Peeping Tom.

FM
Originally Posted by TK:

Peeping Tom: "Education is needed for a transformational process. But it is not the driver of this process.


The three traditional factors of production were land, capital and labour. New factors of production have emerged and it is these new factors that are the drivers of economic transformation."

 

====

 

What a astoundingly ignorant statement!! No wonder the writer hides his/her name behind Peeping Tom.

dumbest thing I ever heard...

FM

Granger touts education as driver of economic transformation

A Partnership for National Unity/Alliance for Change (APNU+AFC) Presidential Candidate, David Granger on Tuesday promised to transform Guyana’s economical landscape through education, if he is elected into office following the May 11 General and Regional Elections.

At the time, he was addressing members of the business community during the Guyana Manufacturing and Services Association (GMSA) Business Luncheon at the Pegasus Hotel.

 APNU+AFC Presidential Candidate David Granger addressing business men and women at the GMSA Business Luncheon at the Pegasus Hotel

APNU+AFC Presidential Candidate David Granger addressing business men and women at the GMSA Business Luncheon at the Pegasus Hotel

In an effort to overcome the scourge of poverty, Granger said major emphasis will be placed on repairing the “broken education system,” noting that an APNU+AFC Government would invest heavily in the development of five-star universities starting with the ailing University of Guyana, and not five star hotels.

“Under the APNU+AFC, every single region, will have a regional technical institute and a regional agricultural institute,” he added, stating too that the young generation will be guided along paths that will allow them to be experts in the fields of Science, Technology, Engineering and Mathematics (STEM). “It is time to move our indigenous citizens and residents of the hinterland and our population as a whole out of poverty and ignorance, by building more and more educational institutes, not drop-in centres.”

The PPP/C Government over the years has plugged billions into the education system, virtually subsidising university education and also implemented a range of programmes catering for students at all levels. For last year government committed $32.3 billion into the sector to carry out infrastructural and other improvements.

The allocation was $3.8 billion more than what was expended in 2013 ($28.5 billion), and Finance Minister Dr Ashni Singh had told Members of Parliament during the budget presentation that the funds are to be used to implement the first year of a “new Education Strategic Plan.” As part of the plan $2.9 billion was used “towards the construction, rehabilitation, extension and maintenance of education facilities including a new and expanded Zeeburg Secondary School and the Kato Secondary complex.”

The previous year $2.7 billion was spent on infrastructural works, including the commencement of “the reconstruction of the One Mile Primary School, La Venture Secondary School and Parfaite Harmonie Primary.”

Granger told the gathering that every month 500 children are dropping out of school. But this he said is just a tip of the iceberg, explaining that within days, 16, 000 children will be writing the National Grade Six Assessment (NGSA) Examination of which 8000 will fail everything. Most of the failures he said will be from the hinterland. “We can’t build a world class economy under the rubble of a broken education system,” he further emphasised.

Political Stability Turning his attention to the political scene Granger claimed that Guyana is starving for political stability. According to him, the “winner takes all” system, which has been long established, is stymieing development within the country. But this trend, he emphasised must be broken or it will lead to the creation of more minority Governments.

“The APNU+AFC pre-election coalition will create for the first time in Guyana a Government of National Unity, we will reduce clashes in Parliament and we will guarantee political stability,” Granger told the members of the Private Sector.

A section of the attendees during the business luncheon

A section of the attendees during the business luncheon

Though not comprehensively laid out, the APNU+AFC Presidential Candidate in reeling out his plans for the nation, said his Government will ensure that Local Government Elections are held, noting that it will simultaneously pave the way for the establishment of a strong institutional framework, an independent judiciary, an independent Guyana Elections Commission, a free Auditor General Office and a fully equipped Ombudsman Office.

“Most of all, we will make the National Assembly free from executive control, we will make the National Assembly one where its bills which are passed in the House, are assented to. We will ensure that there is a tripartite budget committee and we will not have a Legislative Branch dominated by an Executive Branch.” In an invited comment, Minister of government Irfaan Ali asked, “How can there be a ‘unity government” if the government is made up of only APNU and AFC? Similarly the Constitution lays down an Executive Structure that performs the Executive functions. For a majority “Executive” not to control the Assembly Mr Granger will either have to violate the Constitution or change it with a two thirds majority. Which is it?”

In the area of crime and security, Granger a former Commander of the Guyana Defence Force pointed out that the APNU+AFC coalition if elected into office will take the requisite steps needed to suppress crime in the country. He said a safer Guyana cannot be achieved, if the Guyana Police Force is not reformed.

According to him, the time has come for the Force to undergo serious transformation, pointing out that over the past 15 years; it has received more than 15 plans and recommendations from the British Government and other Governments but to no avail. Government has adopted a number of these plans referred to by Granger and has begun implementing them. One of the most comprehensive plans the Disciplined Services Commission report has been implemented in parts and only on Monday Home Affairs Minister Clement Rohee pointed out in a statement that all previous strategic plans developed during Government’s engagement with local and overseas consultants have been subsumed in the current strategic plan.

He said the Home Affairs Ministry is awaiting resources to further engage the UK-based Capita Symonds Consultancy to implement four additional areas which are critical to building the institutional capacity of the Guyana Police Force.

“It should be noted that the move by the Opposition to challenge in Court the disbursement of resources from the IDB Security Sector Loan will again stymie the implementation of plans for the achievement of our primary objective of providing comprehensive citizen security sector for all Guyanese,” Rohee said.

Thirdly, Rohee said that recommendations of the Disciplined Services Commission are being implemented. “Recent presentations by the Guyana Police Force, the Guyana Fire Service, and the Guyana Prison Service gave status updates on the progress each agency is making towards the full realisation of those recommendations. The progress report was circulated to members of the National Assembly in June, 2014.

Armed robberies Meanwhile, Granger, said in Guyana, three armed robberies occur daily, every eight hours. This he said is complemented by piracy, drug trafficking, trafficking of guns and ammunition, and murders among others. In an effort to combat the situation, the security specialist said the Force must be effectively equipped.

“They need boats, they need all terrain vehicles, and they need aircraft. They need sufficiently trained personnel, but along with the personnel they must be properly paid.” According to him, “we cannot keep the entire Police Force on life support and expect to keep Guyana safe.”

Amidst Granger’s criticisms Government early this year handed over five new vessels to the Police Marine Branch to police the country’s waterways in order to protect fishermen and other persons who work offshore. The five vessels were procured as part of the Force’s anti-piracy strategy, an area which is of grave concerns to authorities, which earlier this week pointed out that piracy had recently decreased with its new deployment of equipment. Granger also touched on corruption, unemployment, underemployment, high taxation, money laundering and the effective use Guyana’s renewable energy resources.

Mitwah

If that particular Peeping Tom reflects the PPP regime's mindset re: education vis a vis the economy, it's no wonder Guyana is still a notch above Haiti in the entire Caribbean.

Secondary school examinations results are still not encouraging, the school dropout rate is alarmingly high, the University of Guyana has dropped to a lower level than when it began as a night school in 1963.

The PPP boasts of big budget allocations to the education sector but the benefits are far below the costs.

David Granger recognizes that without a sound and solid education base, the country cannot catch up with fast-paced scientific-technological developments.

Talking about education, I have observed that since the PPP named Elisabeth Harper as its prime ministerial candidate, Education Minister Priya Manickchand is hardly making news as before. Is there a linkage?

FM
Originally Posted by Demerara_Guy:

Guyanese will vote for each political party and the PPP/C will obtain more than 52% of the votes.

guess the lack of education topic did not work out

FM
Originally Posted by Mitwah:
Originally Posted by Demerara_Guy:

Guyanese will vote for each political party and the PPP/C will obtain more than 52% of the votes.

Medication speaks and not Edication.

The man like PPP...same one liner thing ova and ova

FM
Originally Posted by Demerara_Guy:

Guyanese will vote for each political party and the PPP/C will obtain more than 52% of the votes.

I think the needle is stuck on that vinyl groove or the .wav file is corrupt. That's why we keep hearing the same ole same ole 52% from D_G

Kari
         
12 hours ago

EDUCATION IS NOT THE DRIVER OF ECONOMIC TRANSFORMATION

 
 
Originally Posted by RiffRaff:
 

dumbest thing I ever heard...

 

What you expect from a Dumd Jackass who do not know the difference between East & West.

 

https://guyana.crowdstack.io/topic/gu...ng-deepwater-harbour

RiffRaff RiffRaff is online. Click for Member Snapshot.         
2 hours ago

What kinda message you sending to young people with this kinda horseshit...jeez!

xxxxxxxxxxxxx

 

Ray...I must Laugh....

Let me repeat The words of the

Chairman of the Elections Commission......

"Watch yuh Conduct"

http://www.kaieteurnewsonline....g-boy-dr-surujbally/

FM
Last edited by Former Member

Peeping Tom is a dunce.

 

Abstract:

"Comprehensive examination of the relationship between higher education, state government, and economic development.
Local, state, and national economies are facing unprecedented levels of international competition. The current fiscal crisis has hampered the ability of many governments in the developed world to directly facilitate economic growth. At the same time, many governments in the developing world are investing significant new resources into local infrastructure and industry development initiatives. At the heart of the current economic transformation lie our colleges and universities. Through their roles in education, innovation, knowledge transfer, and community engagement, these institutions are working toward spurring economic growth and prosperity.
This book brings together leading scholars from a variety of disciplines to assess how universities and colleges exert impact on economic growth. The contributors consider various methodologies, metrics, and data sources that may be used to gauge the performance of diverse higher education institutions in improving economic outcomes in the United States and around the world. Also presented are new typologies of economic development activities and related state policies that are designed to improve understanding of such initiatives and generate new energy and focus for an international community of scholars and practitioners working to formulate new models for how public universities and colleges may lead economic development in their states and communities while still performing their traditional educational functions.
Universities and Colleges as Economic Drivers is meant to cultivate greater understanding among elected officials, business representatives, policymakers, and other concerned parties about the central roles universities and colleges play in national, state, and local economies."

 

http://www.academia.edu/192471...Economic_Development

Mitwah

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