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7 - Education and national economic reconstruction

Published online by Cambridge University Press:  05 June 2012

Simon Marginson
Affiliation:
Monash University, Victoria
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Summary

‘The labour market challenges that call for long-term adjustment of the educational systems stem from the pressures of international competition, technological change and, more generally, the need for flexibility. Though individual member countries all have their own economic, cultural and educational legacies, they now face largely the same market conditions and use more or less the same technologies and sources of information. In this situation, each country's prosperity hinges to a great extent… on its ability to enhance its competitiveness under what are inherently unpredictable market conditions. … a fact which inevitably raises serious concerns for countries whose education systems perform poorly by international standards – be it in terms of quantity, quality or flexibility.’

Structural adjustment and economic performance, Organisation for Economic Cooperation and Development, OECD, Paris 1987, pp. 69–70.

Prelude: Education responsive to industry (1963)

In 1963 the International Economic Association held a conference at Menthon St. Bernard on the economics of education. While many speakers explored the aggregate relations between education and economic growth, in ‘Resource requirements and educational obsolescence’, Selma J. Mushkin, a consultant to the OECD in Paris, focused on the micro-economic relations between education and industry. Policy makers saw education as the selection and preparation of future leaders, but to Mushkin it was a universal system, with a recurrent role in the workforce.

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Chapter
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Educating Australia
Government, Economy and Citizen since 1960
, pp. 149 - 179
Publisher: Cambridge University Press
Print publication year: 1997

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