In this episode of our Think Tank podcast, we talk about how education remains an ever-critical component of sustainable development for personal well-being. Nevertheless, the global outbreak of Covid-19 has brutally brought to the surface some of the latent inequalities. In particular, with regard to the asymmetric access to education resources. Our moderator and former BBC World News presenter, Nisha Pillai, talks to Dr. Damien Ng, Next Generation Research Analyst at Julius Baer, and Esteban Polidura, Head of Advisory and Products for the Americas at Julius Baer.
Inequality has been growing across the globe, fracturing society in ways that are becoming ever more palpable. The asymmetric access to resources based on one’s socioeconomic status, ethnicity, and gender has come to the surface. Nevertheless, challenges also represent opportunities in areas relating to global education, economic empowerment, and wealth inequality.
How does poverty pose the greatest obstacle to education and its connection to inequality? What is the progress on gender disparity regarding education? What are the impacts and implications to the evolution of education technology globally due to the pandemic? Our Think Tank Podcast explains.
Listen to the podcast
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Wealth realities: poverty is the biggest hurdle to education
The global outbreak of the Covid-19 pandemic has brutally brought to the surface, or even exacerbated, some of the latent inequalities in developing and developed countries alike, especially with regard to the asymmetric access to education opportunities for some people due to their socioeconomic background.
“The poorest nations were more unlikely to provide adequate support for remote learners who came from financially disadvantaged families during the global health crisis”, says Dr. Damien Ng, Next Generation Research Analyst at Julius Baer, during this conversation. “After all, online learning relies on the availability and accessibility of technology like computers and internet facilities – luxuries that may be taken for granted by richer families or wealthy countries”, adds Ng.
Opportunities for investors on education
The S&P 500 has practically doubled from the pandemic lows reached in April of last year. After such a phenomenal rally, investors are pondering how much fuel is left in the tank for equity markets to climb higher before year-end.
“Our team always highlights to investors that the key driver for equity markets is not so much the level as it is the rate of change in economic momentum”, says Esteban Polidura, Julius Baer’s Head of Advisory & Products for the Americas. “The mid-cycle slowdown phase, when leading indicators such as purchasing managers’ indices tend to roll over from high levels, has historically been accompanied by lower equity returns”, he completes.