Business Daily from THE HINDU group of publications
Sunday, Jul 13, 2008
ePaper | Mobile/PDA Version | Audio


Investment World
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Investment World - Education
Columns - Simple Economics
The burden of mediocre education



It pays to invest in early education.

B. Venkatesh

My wife and I wanted our daughter to go to a school closer home. This school, considered among the top institutions in the city, is not open to admitting children in Lower Kindergarten. Many like my daughter have to choose among other schools. Most of them end up in mediocre institutions. And that could be an economic burden on society. Why?

Consider this. Studies in neuroscience have shown that early years are important for cognitive development. This means that your child’s Kindergarten education is important for success in later years.

You may argue that a child learns a lot from parents. That is not entirely true. Right through the formative years, the child learns more from peers and teachers than from the parents. Try telling your pre-schooler to recite a nursery rhyme. There is a good chance that she will ask you to recite the way her teacher does at school!

What happens when a child goes to a mediocre school? The child, surrounded by mediocrity, is likely to become one. And that creates a burden on society. How?

Disparity in income

You know the disparity in income levels today. That is only likely to widen as our children grow. What do you think will happen when a mediocre child grows up and finds that her contemporary earns 10 times her salary?

Or worse till, what happens when a mediocre child does not get a job because she is mediocre? The crime rate will go up, as such people become desperate to manage their lives and ape the lifestyle of the rich.

North America seems relatively better off in this regard. They seem to invest in early education. The Early Years Centre in Canada, for instance, is one such programme.

Perhaps, the private sector and the government should jointly invest in setting up a good education system in India. This includes building the right talent-pool of teachers and offering them decent salaries.

Then, parents may not want their children to attend such “popular” schools. Nor will these schools act pricey.

(The author is an investment strategist.)

More Stories on : Education | Simple Economics | Children & Parenting

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Play defensive in a volatile market


Diversify, to cut risk
Fund Update
Make high interest rates work for you
Beyond traditional investments: How about pvt-equity mutual fund?
Magnum Contra: Invest
HDFC Growth: Hold
Fund Talk
Closed-end funds: Uninspiring show
Pharma alliances, a shot in the arm
Welspun Gujarat Stahl: Buy
Tata Power: Buy
Grasim Industries: Buy
Bartronics: Buy
Glenmark Pharma: Hold
Double pension tax liability
Query Corner
Nifty futures likely to be rangebound
Index Outlook
Reliance
SBI
Tata Steel
Infosys
Unitech
Reliance Infra
Tech School
The burden of mediocre education
Developers cutting out frills
Building on bamboo
Pune bucks the trend
Time, costs ticking away
Rates hold key to home loans
Home loan rates
Jargon busting personal accident insurance
Bull's Eye
Prominent bulk deals on NSE & BSE
Baskets of X
How to make money when you are only mildly bullish
‘We will not take any aggressive credit calls’
Investment Nuggets
Mind your money


Life



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line