The Crisis of Public Education in the Philippines
By Ronald Meinardus
According to the human capital theory, the economic development of a nation is a function of the quality of its education. In other words: the more and better educated a people, the greater the chances of economic development.
The modern world in which we live is often termed a "knowledge society"; education and information have become production factors potentially more valuable than labor and capital. Thus, in a globalized setting, investment in human capital has become a condition for international competitiveness.
In the Philippines, I often hear harsh criticism against the politics of globalization. At the same time, regarding the labor markets, I can hardly think of another nation that is so much a part of a globalized economy than the Philippines with nearly ten per cent of the overall population working beyond the shores of the native land.
(continue reading at: http://www.fnf.org.ph/liberalopinion/crisis-public-education-philippines.htm)