I am currently reading the excellent new book, "Why Nations Fail," by Acemoglu and Robinson. First introduced to this trio earlier in the year with their colonial/settler theories on development (extractive colonies vs. inclusive colonies as being the key predeterminant for future economic success), this book has been impressing at every step with its clarity and purpose....
A comment, on their views on failing educational systems:
"The low education level of poor countries is caused by economic institutions that fail to create incentives for parents to educate their children, and by political institutions that fail to induce the government to build, finance, and support schools and the wishes of parents and children."
While I agree that inclusive economic institutions are vital to a nation's (and individuals) prosperity, schooling incentives can often be decoupled from the reality of the immediate economic climate, or better yet, inverse to the broader economic climate; desperation or struggle in one's current situation will lead to an increased hope in the power of education as a "savior" for the next generation, a though and wish echoed constantly in the developing world.
The "incentives" for schooling, thus, often fall under the familial desire for the next generation to prosper, and an often misguided hope in the individual economic rewards that can be reaped by sending children to school (see: Poor Economics). Thus, I would argue, the above proposition regarding economic institutions (though I agree with the political institutions necessity) is much too broad and general to render valid, in the area of education, as proposed.
A comment, on their views on failing educational systems:
"The low education level of poor countries is caused by economic institutions that fail to create incentives for parents to educate their children, and by political institutions that fail to induce the government to build, finance, and support schools and the wishes of parents and children."
While I agree that inclusive economic institutions are vital to a nation's (and individuals) prosperity, schooling incentives can often be decoupled from the reality of the immediate economic climate, or better yet, inverse to the broader economic climate; desperation or struggle in one's current situation will lead to an increased hope in the power of education as a "savior" for the next generation, a though and wish echoed constantly in the developing world.
The "incentives" for schooling, thus, often fall under the familial desire for the next generation to prosper, and an often misguided hope in the individual economic rewards that can be reaped by sending children to school (see: Poor Economics). Thus, I would argue, the above proposition regarding economic institutions (though I agree with the political institutions necessity) is much too broad and general to render valid, in the area of education, as proposed.
