THE GLOBAL EDUNOMIC INDEX (GEI)
The GEI is an initiative designed to measure and assess the intersection between education, economics and investment. Our research is specifically directed toward the global education and investment communities to help make sense of the world’s rapid development of human capital and to measure how countries rise and fall based on a selection of critical performance measures.
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Education has long been the engine of economic growth, sustainability and inclusion. By 2020, theestimated annual market value of education products and services is projected to reach US$8.2 trillion, with US$252 billion from education technology alone. Yet there are still an estimated 250 million children in the world who cannot read, write and count, and 57 million who don’t go to school.
From a commercial perspective, the ability of Emerging and Frontier Markets to shift toward value-added, sustainable economic growth through higher educational attainment is a critical factor to consider for global investors, corporations, educational institutions and start-ups. This trend toward “Edunomix” and the Future of Work not only impacts a country’s economic growth and innovation potential but also its ability to fight inequality, maintain a competitive advantage, employ its youth, attract and sustain FDI inflows, care for its people and to ensure social stability. Recent years have witnessed an investor backlash against “resource cursed” countries in parts of Africa, Latin America and Asia that happily rode a wave of economic growth but neglected to adequately educate their populations. Without education investment, the future may deliver even harsher verdicts.
GEI’s purpose is to answer the following questions:
- How do educational achievement and skills impact an individual country’s economic growth trajectory, the quality and sustainability of its companies, its competitive positioning, risk profile and the potential returns to investors?
- Which countries offer the most and least attractive environment for investment into human capital, education and related technology industries, and how is this changing over time?
- Where should stakeholders look for the next set of emerging opportunities?
The GEI utilizes quantitative and qualitative research data to score countries emphasizing the current status of their educational system, correlations with economic growth and sustainability, and the operating environment for education investors and stakeholders.
GEI inputs are updated on a periodic basis, as and when new information is available (typically on an annual basis). Countries are stack-ranked based on a broad selection of data inputs across three dimensions of economics, education and operating environment . Geographically, the GEI is specifically focused on Emerging and Frontier Markets in the regions of Asia, Africa and Middle East, and Latin America. Participating countries have been selected with reference to two well-known and reputable classifications: the MSCI Emerging Markets Index, which for several decades has been among the leading measures of emerging market status, andanother leading indicator, the FTSE-Russell Frontier Index.
There are currently 49 countries included in the GEI.
Participating Countries in the Global Edunomic Index (GEI)
The GEI includes a broad cross-section of country data and correlations across three key dimensions:
- Economic Growth and Sustainability
- Educational Attainment
- Investment and Operating Environment
Data is selected with an eye to what can enhance or detract from education and economic performance at the country level, and correlations are drawn from our proprietary database. For the purposes of constructing an index that applies broadly across our wide country selection, we have used a neutral weighting across the three dimensions. In 2017, two measures were added: PISA rankings in science, and the number of world university rankings (within global 1,000 leading universities), raising the number of total scoring variables to 21.
GIE Inputs in Three Dimensions
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