Sputnik Moments Drive Education Investment: Good News for Tech Vendors

“Winning the Future” was the theme of the recent US State of the Union address.  With the global economy and new education performance rankings as our “sputnik moment,” the president urged Congress to invest in the future – and in education.  As put it in the speech,

Maintaining our leadership in research and technology is crucial to America’s success.  But if we want to win the future -– if we want innovation to produce jobs in America and not overseas -– then we also have to win the race to educate our kids.

So what exactly was the sputnik moment, or one of them?  In the recently released OECD Program for International Student Assessment (PISA) rankings, the US didn’t do so well.  US students were average performers in reading (rank 14 in OECD) and science (rank 17) but well the below the OECD average in mathematics (rank 25).  The new top fliers in the PISA study are: Shanghai, Korea, Hong Kong, Singapore, Finland, Canada, Japan and New Zealand.

According to the OECD report,

Education is the single most critical investment to raise the long-run growth potential of countries. In the global economy, the performance of education systems is the yardstick for success, particularly in light of the fundamental technological and demographic challenges that are re-shaping our economies.

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