UK and Education
Education is now emerging as a recognised global industry, estimated to be worth almost £3trillion annually and worth £17.5billion to the UK economy. This is perhaps not surprising, as improving learning outcomes is now fundamental to nearly every country’s growth plan as they look to compete in the global economy. While education and the love of learning is a good in its own right which should be championed as such, its impact on the life chances of individuals and their ability to find work and provide for themselves and their families is indisputable.
In addition, a growing global middle class, prioritising spending on education will create even greater incentives for providers to compete to provide new and even more innovative services and resources. Nowhere is this more important than in the world’s poorest countries, where for all the progress in getting children into school, there is a huge amount still to do.