Comment by aatd86
1 day ago
That's interesting but I am wondering in which order to prioritise capital deployment:
1. Education and Health
2. Agriculture for self-sufficiency
3. Infrastructures
4. Housing and Urban planning?
The second, third and fourth items are related but also slightly projection based. Number one is urgent. And also related to the second item. How many top universities on the whole continent? To be fair, when we speak about universities, even in Europe, we think about American ones. Except Oxford, Cambridge and LSE in finance perhaps.
Also, the issue that comes after Education is to have policies that favor development of the private sector in order to have jobs. Obviously that would be driven from the items above.
Just that driving housing development too hard too soon based off of population growth projections could be easily sketchy. Especially since there is a scarcity of available capital due to numerous factors. I'd tend to think that Housing will solve itself according to supply and demand trends, unlike some of the other priorities.
When it comes to prioritizing capital deployment for education, it's probably better to start with primary schools before thinking about top universities. https://wid.world/news-article/china-vs-india-how-human-capi... suggests that this played a role in the economic divergence between India and China: India had a higher tertiary school enrollment rate than China until about 2000, but China had universal primary school enrollment much earlier, so more people could transition out of working in agriculture.
Interesting.
And yes, implicitly, if there are top-universities, that would mean that the full educational system is functioning properly. It's mostly to be understood as a signal.
Thank you for the article. It's quite enlightening.