The Economist Intelligence Unit, in collaboration with The Yidan Prize, has produced and written Education to 2030, which forecasts how the next 14 years in education (based on research within 25 economies) will change according to three trends: “shifting demographics (public expenditure on education and the affordability of tertiary education), the future of work and the skills needed to succeed (youth unemployment and STEM graduates), and the use of technology (Internet access in schools).”
Figure: Overview of data sources used. Source: Education in 2030.
The report emphasises the importance that ‘all institutions involved in the provision of education…will need to work together’ in order to improve education worldwide.
The research developed five global education indicators, listed below, that it recognised as important themes. It then benchmarks the 25 economies on focus against these five themes in order to arrive at projections on how economies are expected to perform towards 2030 in relation to:
- Public expenditure on education;
- The affordability of tertiary education;
- Youth unemployment;
- The number of science, technology, engineering and mathematics graduates, also known as STEM, in the labour force;
- Internet access in schools.
Source: Education to 2030, p. 4