FORBES: QUALITY EDUCATION LEADS TO 1.1% INCREASE OF GDP

FORBES: QUALITY EDUCATION LEADS TO 1.1% INCREASE OF GDP

While quality education results in higher achievement motivation and better personal and professional growth and success for the students themselves, it also directly contributes to the economy as a whole. Better education would lead to 1.1% annual growth of GDP in the course of 15 years, which would translate into 3.5 billion levs added to GDP by 2028.

This was clearly stated at last week's Educational Conference in Sofia Equal Opportunities for Education, organized by Forbes Bulgaria and the non-governmental organization Zaedno v Chas (Teach for All). The event was supported by Globul and the European Commission.

Over 200 leaders - government officials, key Bulgarian companies, non-governmental organizations and media -  discussed problems of the Bulgarian educational system and  their possible solutions. Etienne Denoel, Senior Director at the advisory company McKinsey & Company and Wendy Kopp, founder of Teach For All took part in the discussion. A video address of EU commissioner Kristallina Georgieva was delivered at the opening of the conference.

The participants in the event agreed that only by consensus between government, educational institutions and businesses a quality education could be promoted, while McKinsey & Companyl's global experience comes to prove that this goal is feasible and visible results could be achieved in a six-year-period of time.

Forbes Bulgaria would like to thank to our exclusive sponsor GLOBUL for the kind support and cooperation.

You will find more information and a detailed analysis of the economic benefits of a quality education in Bulgaria in the new issue of Forbes Bulgaria.

 

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