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My housemaid is barely educated – she says she has studied till the fourth grade/standard. But she wants her two children to have a good education. So she got them admitted to an English medium school. Her elder son is weak and even after putting money together for the best school that she could afford, the child is struggling to get his basics right. Would schooling give her child the right education to succeed as an individual and contribute better as a citizen at least in the economic sense? Not if schooling is not equivalent to education that employers look for.
Moreover, leaders or governments that believe that education is the only way for economic growth forget that the current generation cannot start schooling again. What then, could be a value-addition for the current crop of citizens who are already “educated” as much as their times allowed them?

http://www.project-syndicate.org/commentary/education-economic-growth-by-ricardo-hausmann-2015-05

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