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Global education: Can it still fix inequality?

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. In particular, people from disadvantaged socioeconomic backgrounds are more likely to be denied access to education opportunities. Learn more in this episode about the most valuable investment – education.

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Another aspect of global education concerns the debate over ever-higher tuition fees around the world, notably in the popular Anglo-Saxon destinations like the US and the UK among foreign students. In the US alone, China and India accounted for nearly half of all foreign students during the academic year 2019–2020, though their enrollment numbers have been declining since 2018.

Although education may have become a luxury in some countries, it remains key to success. As recent data from the US Bureau of Labor Statistics shows, workers with higher levels of educational attainment continue to earn more and face lower unemployment risks than their less-educated peers, even in challenging times like the recent pandemic. The lessons learned from the unprecedented scale of the viral outbreak are also likely to prompt policymakers to quicken the pace of digital adoption in education, which will provide teachers and students with a more interactive, engaging and modern learning experience.

Has education turned into a luxury? Does education still give children a chance to break the cycle of poverty? How can basic education be guaranteed during the health crisis? Why are highly-priced Anglo-Saxon universities still sought after? What should investors take note of when investing in the education sector? Dr Damien Ng, Executive Director and Research Analyst for Julius Baer’s Next Generation Research department, answers these questions and more in this episode, hosted by Sharon-Anne Wilcox from Content Management at Julius Baer in Zurich.

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Beyond Markets Podcast Episode 31: Global education – can it still fix inequality?

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  • Beyond Markets

    Beyond Markets by Julius Baer is a series featuring conversations with experts to share recent market developments, key insights, and strategic inputs from around the globe. In each episode, we cut through the noise to offer practical advice and macro research on today’s shifting economic and market landscape.

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