Jan 28, 2010
Relatively small improvements in students’ educational performance can have large impacts on a nation’s future economic well-being, according to The High Cost of Low Educational Performance: The Long-Run Economic Impact of Improving PISA Outcomes. PISA, the Program for International Student Assessment, was created by the Organisation for Economic Co-Operation and Development (OECD) in1997 to monitor the outcomes of education systems in terms of student achievement on a regular basis and within an internationally greed-common framework. This PISA report, presented on January 28 at the World Economic Forum in Davos, Switzerland, uses economic modeling to relate cognitive skills (as measured by PISA) to economic growth. The report shows that achievable gains in educational performance yield tens of trillions of dollars in gains in a nation’s gross domestic product.