Eric Hanushek on the Education, Skills, and the Millennium Development Goals

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4.7 • 4.4K Ratings

🗓️ 27 July 2015

⏱️ 71 minutes

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Summary

How important are basic skills for economic success and growth? Eric Hanushek of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the importance of basic education in math and literacy and their relationship to economic growth. Hanushek argues that excellence in educating people in basic skills leads to economic growth, especially in poorer countries where years of education may be a poor proxy for learning. He argues that the U.N.'s Millennium Development Goals should emphasize outputs rather than inputs--performance on skill-based exams rather than years of education.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:06.4	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:11.0	Our website is econtalk.org where you can subscribe, comment on this podcast, and find links
0:16.3	and other information related to today's conversation.
0:19.0	You'll also find our archives where you can listen to every episode we've ever done going
0:23.2	back to 2006.
0:25.4	Our email address is mailadycontalk.org.
0:27.4	We'd love to hear from you.
0:35.4	Today is July 15th, 2015, and my guest is Eric Hannesheck, the Paul and Gene Hanna
0:41.2	Senior Fellow at Stanford University's Hoover Institution.
0:44.9	Rick, welcome back to Econ Talk.
0:46.9	It's great to be back.
0:48.3	Our topic for today is the Millennium Development Goals, a special related education around
0:52.6	the world, and how we might think about the best policies to improve well-being in
0:56.7	the Royal Education plays in that.
0:58.3	We're going to draw in work that Rick has done with Ludger Wussman, and we'll put a link
1:02.6	up to the study you've done on the topic.
1:05.0	And to get us started, tell us what the Millennium Development Goals are and why they matter
1:09.3	if at all.
1:12.0	In 2000, the United Nations in UNESCO set out a range of goals that they thought would
1:23.8	help to guide countries and development agencies in their policies.
1:30.8	The goals were supposed to be met by 2015, and they ranged from issues of health to poverty,
	...

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