From World Economic Forum blog (forumblog.org), "Why is childhood education a long-term investment? - By: Michele Petochi Jan 14th 2013
Nobel Laureate James Heckman’s rallying cry of “We cannot afford to postpone investing in children until they become adults, nor can we wait until they reach school age – a time when it may be too late to intervene” is convincing, but the much needed investment in early childhood education remains a hard sell because of the significant delay between policy and practice change. Among OECD countries, for example, the Nordic countries invest between 1.4% and 2.3% of GDP in early childhood education. Other countries invest less: for example Austria, Hungary and France between 0.5% and 1%, and Switzerland (although that may differ from canton to canton) 0.2% of GDP. Trends and efforts towards greater public and private investment in early childhood education are beginning to take hold, including through new players and services supporting the sector, but are not sufficient to handle the scale of the challenge.
What can be done to boost investment? First, more and more people ought to realize that early childhood education is an opportunity and to that end make sure values, vision, policy, infrastructure, human resources, creative solutions and all the other enabling factors become available. That requires a long-term, non-ideological, political vision. Sweden, for example, was able to align with that vision decades ago and is now able to deliver on early childhood education because it looked at it as a long-term opportunity and challenge. That helped create the premises for long-term investment.Second, institutional barriers must be addressed. To do so, the integration...
Published on 20 Nov 2012
Paolo Quattrone, Professor at IE,
interviews Michele Petochi, Director of Academic Networks at World
Economic Forum (Davos, WEF), about matching the business requirements of
companies with new student profiles in order to increase students'
The interview took place at the IE Madrid Campus during the Reinventing Higher Education Conference 2012 third edition.