About two years ago, on March 31, 2006, government presented the Ninth Malaysia Plan as a forum for national five-year development plan for the period 2006-2010. The Plan outlines the direction of national development for the first five years of the second phase of Vision 2020. Thank God, thanks to the determination and resolve all walks of life in the performance of their respective obligations, we are not only able to maintain national stability and promote economic growth, but also continue to improve the country's competitiveness. This success is clearly evident through the many achievements we have realized in the past two years that have passed. Among others, we have been successful: Sustaining economic growth rate at an encouraging rate
All of them should make full use of modern educational technology, to promote the development and reform of basic education. The Chinese government is also betting big on massive open online courses(MOOC) for K-12 as to bridge the gap between colleges and careers. The ministry of education announced in May that more than 30 measures would be introduced to support entrepreneurs in China, which is a significant boost for local Chinese organizations looking to enter the lucrative Edtech
This disparity is not just limited to participation at the elementary level but it also extends to inequality in educational attainment in terms of the years of schooling completed (Aggrawal 2014). As per UNESCO report in 2000, children from the richest 20% of the population have an average of 11.1 years of schooling as compared to 4.2 years for the children from the poorest 20%, and the children from the lower castes and tribes have school attendance below the national average. As the children possess the right to access the schooling provisions available to them, the parents hold the prior right to choose the kind of education that shall be provided to their children. With the objective of achieving universal access, the governments have concentrated on increasing the resource base for education which includes increasing the number of schools and teachers. Besides, there is a huge gush of schools established by the private providers during the last two decades.
In the world where most educated receive the largest share of benefits from technological progress and rapidly changing social environment , it is not surprising that government expenditure on education has proved to be a highly effective tool in reducing inequality. According to Kanbur, Rhee and Zhuang (2014) the impact of education expenditure on Gini coefficient in Asia is even more significant than in the rest of the world. More specifically, the estimated marginal effect of government education expenditure on income inequality is minus 0.483 (compared to minus 0.034 in other parts of the globe combined), which means that the larger the expenditure, the smaller the Gini coefficient is expected to be. At the same time, the data provided by the World Bank (2012) indicates that Asia on average is lagging
To begin with, the most obvious effect of education is opportunity for employment. In fact, even one more year of schooling can increase one’s income by up to ten percent Education Counts 7). An even more striking statistic is that “171 million people could be lifted out of poverty if all students in low income countries left school with basic reading skills – equivalent to a twelve percent cut in world poverty” (Education Counts 8). Better qualifications open up better jobs, and better pay opens up a better quality of life.
What is income inequality and how is it related to inequality of access to quality education? Income inequality is the unbalanced distribution of income amongst the population. One may not think Education inequality and Income inequality are related yet they are. The higher the income group you belong to the better quality education you can get. This is because education is becoming more and more expensive, especially in poor countries and if you belong from a low income group that means you cannot afford to gain education because you cannot afford to pay the fees.
Using year 2000 as a base with an index of 100.00, the education index rose from 36.72 in 1980 to 146.39 in 2010 (AMP, 2015). The indices for post-secondary and tertiary enrolment have also increased very significantly. Table 1.1: Education Development Indices of Singapore Malays in 1980 – 2010 Field/ Sub-field 1980 1985 1990 1995 2000 2005
1.0 INTRODUCTION According to Moss (2012), since time in memorial education has been of great importance to the world. Education has continued to evolve decade after decade, century after century. As a results of the globalization the education system has changed and more people are more educated especially in the 21st century as compared to the other centuries where education levels were not that high and only a chosen few who managed to go to school that were in apposition to get education as compared to those how never got the opportunity to attend school. The education development in the first world has been high as compared to the developing nations which education is still a mirage to some of the countries and especially countries in the African continent. Even though there are those that are educated in the African continent a majority of the people are still illiterate have not been educated and therefore still not enlightened and hence education being from the elite and the chosen few.
Technology is being used in education in a lot of countries all around the world. Technology utilization has an impact on classroom techniques and education process, which leads to a more responsive student and increase their level of participation on their own education path. Investment in technology has been spreading out in the modern world. Therefore, many educational organizations in different parts of the world are trying to provide good financial system which invest more money in technology. According to the research published in 2013 by The Hong Kong Institute of Education and University of Oregon, United States.
The first 10-year Financial Sector Master Plan (FSMP), which was implemented in 2001 and concluded in 2010, liberalised the banking system and the recommendations resulted in more resilient financial institutions, increased competition among financial institutions, introduced greater foreign participation; and improved the institutional framework for consumer protection and development of a deposit insurance scheme. 13. Under the Financial Sector Blueprint (2011-2020) the focus of financial sector reforms has shifted to the financial sector to be a key enabler and catalyst of economic growth to support the demands of a growing economy and facilitate the transition of the economy up the value