The Chinese people are such fanatics about educating their offspring that the Chinese government felt it needed to step in and give the kids a break by liming their exposure to both formal education (amount of homework) and informal education (after-school tutoring). Tutoring was a growth industry in China until the reforms curtailed it. It had already expanded outside mainland China and now the push is on to expand it further to make up for the market lost in China. It serves not only Chinese living abroad but other Asian, Asians in general tending to be obsessed with education in comparison with Western interest in it.Education and health are key components of a nation's infrastructure. Infrastructure provides both a tangible foundation for national progress and also an intangible one
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
The Chinese people are such fanatics about educating their offspring that the Chinese government felt it needed to step in and give the kids a break by liming their exposure to both formal education (amount of homework) and informal education (after-school tutoring).
Tutoring was a growth industry in China until the reforms curtailed it. It had already expanded outside mainland China and now the push is on to expand it further to make up for the market lost in China. It serves not only Chinese living abroad but other Asian, Asians in general tending to be obsessed with education in comparison with Western interest in it.
Education and health are key components of a nation's infrastructure. Infrastructure provides both a tangible foundation for national progress and also an intangible one in terms of the quality of human resources assessed on the basis of the ability to apply knowledge and skills and to grow. This constitutes labor as a factor of production versus capital and land.
If you are interested in education or China, this is an interesting article that takes only a couple of minutes to read.
Sixth ToneChinese Tutoring Giants Set Sights on Overseas Expansion
Who is cutting ties with whom? Russia and the Bologna education system
Anna Kolotova, PhD in International Relations in Jilin University, China, postdoctoral fellow in Global Engagement Academy, Shandong University (Weihai), China
The Swedish for-profit ‘free school’ scandal
Lars P. Syll | Professor, Malmo University
Khan Academy Joins with OpenAI
Alex Tabarrok | Bartley J. Madden Chair in Economics at the Mercatus Center and Professor of Economics at George Mason University, and a research fellow with the Mercatus Center