
This week several former soviet countries are celebrating their Independence Day, among them the 2 dearest to me – Moldova and Ukraine. A lot of articles are written these days about how the countries had developed for the last 18 – 20 years. What was good, what was bad, what could have been better…still majority of the articles are about politics, economy and social life, few are about education, about personal and professional development of the citizens, and what even fewer about the interconnections of the social elements: how politics influences economics, how economics influence social life, how education influences politics, economics and social life. As I really believe that when you take all the components and their interconnection you can make a true analysis.
One of the articles about the development of Ukraine somehow tries to do that and I recommend for you to read it when you have the time, here is the link: http://focus.in.ua/society/59015.
What I would like to speak about in this blog post is to try to answer the question: how education is influencing the country’s economic development? On the other hand economy is the engine of development of a modern country, so actually the question goes broader: how education is influencing country’s development?
Generally there are 3 big factors of education influence on the economical development of a country:
- The quantity of education (coefficient of influence 34% of maximum 100%)*
- The quality of education (coefficient of influence 41%)
- The quantity and quality of education (coefficient of influence 48%)
*according to a 10 year study of the Research center of Colombia University
Now let’s take them one by one:
The first factor is quantity. This is characteristic to ex-soviet countries were education was mainly for free, and around 95% of young populations were graduates of basic schools and more than 80% of higher education. On the short term this system was showing good results after the Independence. Young people were high ranked on the international labor market and also internally economy was showing signs of development. On the long run though the system showed itself as rigid and not flexible. More and more students & companies today are saying that they are not going in the same direction.
The second factor is quality. This situation is characteristic to western cultures and countries: Great Britain, Belgium, and USA. The focus of the education system was on quality, in these countries it is really hard to get to higher education. High quality education actually has transformed here into a privileged attribute of life. From economic point of view it this strategy had a good impact, as important jobs were done by high skilled people, still socially the impact was not as great, as a lot of dramas are happening in the lives of young people that did not succeed to get to a good university.
The third factor is quantity and quality. This educational system is specific to Scandinavian countries (Norway, Sweden, Finland) and some Asian countries (Taiwan, Korea). In this countries % of people having free access to education is high and the quality is one of the best in the world. As a result for the past 10 years these countries are rated in top 10 places where the standards of living are highest.

But here is the paradox; it is connected to what I was saying earlier, that all the elements of the country’s system should be in synergetic development. In the top 30 countries of the world with best education: Finland, Korea, Japan, Sweden, Great Britain, Russia…these countries are also in top 30 of the other ranks: the countries with biggest suicidal rate; the countries with the unhappiest people. So great education that leads only to great economic results does not necessary leads to a happy nation.
From my point of view education should not be connected only to the economic growth, but to the life of the individual, because from 168 hours of the week only 40 hours we are spending at work…that is why the curricula’s should be more balanced…
The transition period has passed for the ex-soviet countries; it is time to stop blaming the “old regime” and start being a better nation and country – today. But we can only do that if all the country’s stakeholders unite together!
My inspirations for this article:
- Independence Day ![]()
- “The influence of the educational quality on the economic prosperity” (MPA – Environmental Science and Policy, Columbia University, May 2009)
- Article from focus.in.ua
Yesterday I was evaluating the sales meetings that I had in June and an interesting fact attracted my attention – majority of my meeting were about the weakness of employees.