PAMPANGA, Philippines – While hailed as one of Asia’s fastest growing economies, the Philippines’ state of education continues to lag behind and is hindering the country’s goal of inclusive growth.
Advanced countries to emulate
Del Rosario is also looking at how other member economies innovate their education system.
She cited the Republic of Korea, among others, as having exemplary methods in educating their citizens, when it merged its education and science and technology cabinet-level ministries.
“That’s why when you look at the interventions done by Korea and Japan, it’s always tied to a discipline dependent on science,” Del Rosario pointed out.
In 2014, South Korea’s education system stood at the top of Pearson’s global education ranking, followed by Japan, Singapore, Hong Kong, and Finland.
The reason: their education systems were geared for students to possess cognitive and communication skills, leadership, emotional intelligence, teamwork, entrepreneurship, global citizenship, and problem-solving, according to a Forbes analysis in 2014.
“Half of the economic growth in developed countries in the last decade came from improved skills, highlighting the importance of skill development to growing an economy,” the report said, citing Pearson’s interview with 7 international experts on education.
Develop human capital
Developing human capital across the region is among the 4 key priorities of APEC 2015.
Other priorities are enhancing the regional economic integration agenda, fostering small and medium enterprises (SMEs) in regional and global markets, and building sustainable and resilient communities.
At the APEC-SOM send-off, Del Rosario said human capital development was among the concerns of the senior officials who are looking at poverty rates and the inequality of income.
Oxfam International had said that by 2016, the global scale of inequality will stagger, with the richest 1% to own more than everyone else.
“We want to expand the pie or the share,” Del Rosario said.
As aligned with its human capital development priority, APEC launched on Saturday an online portal which aggregates sponsored study and career development exchanges opportunities in Pacific Rim member countries.
The APEC Scholarship and Internship Initiative targets one million Asia Pacific university-level students in 5 years, according to Del Rosario.
The portal was endorsed by APEC leaders in Beijing in November 2014.
The following member economies have already posted in the portal study opportunities to citizens from the APEC region: Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States, and Vietnam.
A well-educated, well-trained, and well-connected workforce is critical to ensuring long-term growth and prosperity on both sides of the Pacific, US Secretary of State John F. Kerry, who heads the initiative, said in a statement.
“Together, APEC and the private sector are opening the gates of opportunity to provide more of the region’s 3 billion people the knowledge, skills, and experience they need to thrive in a 21st century marketplace,” Kerry said.
APEC, the world’s largest economic cooperation, is comprised of 21 economies. – Rappler.com
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