Tuesday, October 28, 2014

The most educated countries in the world - Yahoo Finance Canada

By Thomas C. Frohlich | 24/7 Wall St. – Fri, 12 Sep, 2014 1:52 AM EDT

According to data recently released by the Organization for Co-operation and Development (OECD), more than half of Russian adults held tertiary degrees in 2012 -- the equivalent of college degree in the United States -- more than in any other country reviewed. Meanwhile, less than 4% of Chinese adults had tertiary qualifications in 2012, less than in any other country. 24/7 Wall St. reviewed the 10 countries with the highest proportion of adults holding a college degree.

The most educated populations tend to be in countries where tertiary education spending is among the highest. Tertiary education spending in six of the most educated countries was higher than the OECD average of $13,957. Spending on tertiary education in the U.S., for example, was $26,021 per student, by far the most in the world.

Despite the value of investing in education, there are exceptions. Korea and the Russian Federation both spent less than $10,000 on tertiary education per student in 2011, considerably lower than the OECD average. Yet, they still have among the most educated populations.

Qualifications do not always translate into stronger skills. While only 1 in 4 of U.S. college graduates reach the top-end of literacy skill, more than 35% reach that level in Finland, Japan, and the Netherlands. As Schleicher explained, “We typically describe people by their formal qualifications, but this data suggests that the skill value of formal qualifications vary considerably across countries.”

Complete story at - The most educated countries in the world - Yahoo Finance Canada

They certainly picked some strange photos to illustrate this story...

CC Photo Google Image Search Source is EAE0QAAIBAgMDBwULCAcJAAAAAAABAgMRBBIhBTFRBhMiQWFxkTKBobGyByNCUmJyc5KjwdEUFRYzRFNjdCQ0Q4Kz4fElZHWDk6LS4vD  Subject is russian flag

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