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In analyzing the factors that lead nations to success, Michael Milken notes that the 21st century is defined by "global competition for the world's most valuable asset, human capital." Expanding upon this observation in an article, "Prosperity rest on human and social capital," in Financial Times (October 5, 2009), Milken stated...
"Nations build this by strengthening education, healthcare, access to scientific knowledge, opportunities for women, and incentives that attract skilled immigrants. A continuous focus on education is the driving force in the rise of the middle class in Asia.... The return on investment in education is apparent in a comparison of Singapore and Jamaica, former British colonies that once shared many similarities. In the early 1960s, each had a population of 1.6 million and almost exactly the same gross domestic product per capita.... Then they diverged. Jamaica stuck to agriculture, mining and tourism, while Singapore focused on educating its people, who expanded manufacturing capacity and developed advanced technology. Today, Singapore's GDP per capita is nearly $39,000 — more than seven times that of Jamaica."
Many past issues of Exchange, loaded with management and educational ideas, are still available. Each issue includes over 20 practical articles dealing with challenges you face every day in running an early childhood organization. And, this week, all Exchange Back Issues are available at a 20% discount.
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