Education quality and economic growth
Since the recession of 2008, the United Scares has been debating
how ro restore and enhance the health of irs economy. Bur what has
been lost in chis short-run focus on stimulus spending and federal
deficits is the need ro reform the nation's public schools, the engine
behind any long-run growth.
An economy's ability to grow over time-its ability ro innovate and
raise both productivity and real incomes-is strongly tied to the quality
of education provided ro the vast majority of workers. Skills and intellectual
capital are increasingly important in a modern economy, and
schools play a central role in the development of valuable skills.