Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 10. Dezember 2016

What the world can learn from the latest PISA test results

Posted by hkarner - 10. Dezember 2016

Date: 10-12-2016
Source: The Economist

Reforming education is slow and hard, but eminently possible

FOOTBALL fans must wait four years between World Cups. Education nerds get their fill of global competition every three. The sixth Programme for International Student Assessment (PISA), a test of the science, maths and reading skills of 15-year-olds from across the world, was published by the OECD club of mainly rich countries on December 6th. Its results have telling lessons for policymakers worldwide.

pisa1Some 540,000 pupils in 72 countries or regions—each of whom had finished at least six years of school—sat similar tests last year. The OECD then crunched the results into a standardised scale (see chart 1). In the OECD the average result for each subject is about 490 points. Scoring 30 points above that is roughly akin to completing an extra year of schooling.

Singapore, the consistently high-achiever in PISA, does even better: it is now the top-performing country in each subject area. The average pupil’s maths score of 564 suggests Singaporean teens are roughly three years ahead of their American peers, with a tally of 470.

Other East Asian countries also score highly across most domains, as they have done since PISA was launched 15 years ago. Japan and South Korea have above-average results in science and maths, as do cities such as Hong Kong and Macau, both autonomous territories of China, and Taipei, the capital of Taiwan. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

That „Inhuman Logic Of The Market“

Posted by hkarner - 10. Dezember 2016

Friday, December 9, 2016 Observing GreeceKastner

PM Alexis Tsipras had the TV world as his audience when he gave a eulogy at Fidel Castro’s funeral services. Tsipras used this opportunity to denounce before the world the „inhuman logic of the market“. And he added neoliberalism, too.

Nevermind that market and neoliberalism, as the latter is understood today, can be quite different things. In fact, one could argue that the original idea of neoliberalism, as developed from late 1930s onwards, is almost the opposite of that neoliberalism which, today, is being accused, often with good reason, as the cause of all economic evil. Neoliberalism came to life in the late 1930s as an attempt to find a Third Way between the conflicting philosophies of classical liberalism (complete laissez-faire) and socialism. In the decades that followed, the term neoliberal tended to object to the complete laissez-faire doctrine of classical liberalism, and promoted instead a market economy under the guidance and rules of a strong state, a model which came to be known as the social market economy (Ludwig Erhard). Den Rest des Beitrags lesen »

Posted in weitere Artikel | Verschlagwortet mit: , , | Leave a Comment »

The End of Globalism

Posted by hkarner - 10. Dezember 2016

Date: 09-12-2016
Source: Foreign Affairs

Where China and the United States Go From Here

When it rains, it pours. As the Great Recession, eurozone crisis, stalled trade deals, increased conflict between Russia and the West, electoral revolts against European political elites, and finally Brexit followed the 2008 financial meltdown, it seemed clear that globalization was running out of steam. Yet few expected that its opponents would claim the top prize—the White House—and so soon.

World powers are now scrambling to react to Donald Trump’s paradigm-shifting election as president of the United States. Japanese Prime Minister Shinzo Abe, after repeatedly expressing concern about a potential Trump presidency and pointedly meeting with only Hillary Clinton before the election, rushed to New York for face time with the president-elect. European leaders have been more ambivalent, with German Chancellor Angela Merkel even putting conditions on working with Trump. And the Russians have seemed downright gleeful; in a congratulatory note, Russian President Vladimir Putin wrote that Trump’s victory could bring “a constructive dialogue between Moscow and Washington on the principles of equality, mutual respect and real consideration.” Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , , | Leave a Comment »

The Rise of Anti-Establishment Italy

Posted by hkarner - 10. Dezember 2016

By on December 8, 2016  RGE EconoMonitorSteinbock

After the UK Brexit and the Trump triumph in the US, the rise of anti-establishment Italy is hardly a surprise. It is the effect of half a decade of failed austerity doctrines in Europe and decades of failed political consolidation in Italy – ever since the notorious Tangentopoli scandals.

While Italy’s constitutional referendum heralds a political earthquake that will eventually affect both France and Germany, the immediate result is more uncertainty in economy, political polarization and market volatility.

End of an era in Italy – and Europe

Only hours after Italians had casted their ballot in the referendum on constitutional reforms, Prime Minister Matteo Renzi announced his resignation after heavy defeat.

Renzi’s ‘Yes’ camp included most of his Democratic Party (DP) and centrist allies, and the tacit support of moderate voters, including some from Silvio Berlusconi’s Forward Italy (FI). In turn, the opposition lineup featured Beppe Grillo’s Five Star Movement (M5S), the regional Northern League (NL) led by Matteo Salvini in alliance with the far-right Brothers of italy’s (Fdl) and Berlusconi’s Forward Italy (FI), a significant minority of PD allies, a number of small leftist groups,

According to projections, almost 60% of voters rejected constitutional changes. “My government ends here,” said Renzi from Palazzo Chigi. Moments later, he acknowledged that his pledge to resign if defeated at the polls had been a mistake. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , , , | Leave a Comment »