Disclaimer

All opinions and views in this blog is entirely mine, and does not reflect any organization that I am affiliated with. And please exercise careful judgment when trading securities. Nothing in this blog should be construed as a recommendation to buy, hold or sell any securities. You do so at your own risk, and do not blame others if the outcome is not in your favour. In case you are wondering, I do not have any securities trading account with any brokerage firms or investment banks.

Showing posts with label OECD. Show all posts
Showing posts with label OECD. Show all posts

Monday, December 16, 2013

PISA Results

Folks,

Recently in the news, there was a lot of debate on the performance of our country in PISA - an internationally-acclaimed education assessment of 15 year-old students.

The PISA - Programme for International Students Assessment - is managed by Organization for Economic Cooperation and Development (OECD).

This program runs every three years beginning from the year 2000 and Malaysia participated in this Programme in the year 2009.

The 2012 results are now available in the OECD website. The link can be found at the end of this post. You can even try the questions used in the test to have a feel at the kind of questions used in the PISA exam.

How did we fare in the 2012 PISA test?

Let us look at three dimensions, namely reading, mathematics and science.

The following results are for our consumption and reflection of the effectiveness of our education system.

(A) Reading

The average score is 496, and in terms of reading, we scored 420, which is way below the average. The difference is 76, which is very significant. What this means is that the 15 year-old students in our country are two years behind the threshold score.

A rule of thumb is that 38-point difference is equivalent to one year of schooling.

Looking at our neighbors, Singapore scored 542 and Indonesia scored 396.

In terms of ranking, we are positioned at 59, out the 65 participated countries.

(B) Mathematics

The average score is 494, and we scored 421, and the difference is 73. In this regard, we are lagging close to two years behind the average score.

Singapore scored 573 and Indonesia scored 375.

In terms of ranking, we are at number 52.

(C) Science

The benchmark mean score is 501 and we scored 420, and that is a difference of 81. And likewise, we lagged close to two years in terms of education standard.

Singapore scored 551 and Indonesia scored 382.

In terms of ranking, we are positioned at 53.

Overall, our country's score in these three critical areas are way below the average mean, and this is something that our education policy makers need to look at. We are lagging behind among many countries and that is worrying.

There are calls by certain quarter of the citizen to 'overhaul' our education system; and that I leave it to the folks at the relevant ministry to respond and deal with it.

In all honesty, we need to reflect and perform SWOT analysis of the current education system so that we can address the glaring gap and loopholes, thus reforming (or to use the current buzzword 'transforming') the education system to be more advanced and holistic.

At the same time, we also need to benchmark and compare the questions used in PISA with our equivalent national examination for the 15 year-old, PMR.

It will certainly be confusing if we say that our students performs well in the local PMR exam, but failed miserably in the PISA assessment, as evident in the latest 2012 findings.

The next PISA test will be conducted in 2018, and hopefully we shall outperform most countries.

--
Source: http://www.oecd.org/pisa/keyfindings/pisa-2012-results.htm

Friday, December 13, 2013

How's Life

Folks,

Recently, Organization for Economic Cooperation and Development (OECD) released a report baseda survey on the quality of life. According to the report, there are eleven dimensions that construct or define the quality of life of a person:-

1. Housing
2. Income and wealth
3. Jobs and earnings
4. Social connections
5. Education and skills
6. Environmental quality
7. Civic engagement and governance
8. Health status
9. Subjective well-being
10. Personal security
11. Work-life balance

Malaysia was not among the country survey.

OECD further noted that no country excel in all dimensions stated above, and they rank the countries surveyed according to three categories:-

(A) Top 20% performers -- Australia, Sweden, Canada, Switzerland, Denmark etc.
(B) Average 60% performers -- Austria, Germany, Ireland, etc.
(C) Bottom 20% performers -- Chile, Mexico, Estonia, Greece etc.

You may read, download and access the report here: http://www.oecd.org/statistics/howslife.htm

Saturday, December 7, 2013

Economic Outlook for Southeast Asia

Folks,

I stumble across this very good report on the internet titled "Economic Outlook fot Southeast Asia, China and India 2014: Beyond the Middle Income Trap", published by Organization for Economic Cooperation and Development (OECD).

It is quite a comprehensive report covering the Southeast Asian (SEA) nations, including Malaysia.

The review of our country is excellent and done in a concise manner. In the report, it was mentioned that Malaysia's medium term policy challenges and responses are:-

1. Improve the quality of education -- this is absolutely timely! Especially on the English language. I am a strong advocate for using English as the medium of instruction. English is today's and future lingua franca of the world. It is inevitable and we need to rectify the education issues in Malaysia.

2. Improve the productivity of Small and Medium Enterprises (SMEs)-- this is timely too for SMEs accounted as much as 97.3% of all business establishments. We need to develop this sector for the benefit of our nation. Here are some interesting statistics anbout our SMEs mentioned in thus report:-

*90.1% of the SMEs are in services sector
*5.9% of the SMEs are in manufacturing
*3% of the SMEs are in construction
*SMEs contribution to the nation's GDP in 2011 is nearly one-third (32.5%)

3. Widen tax base and improve tax administration and compliance -- I think that introduction of Goods and Services Tax (GST) by our PM Najib Razak is actuallg a good move to save and improve our public finance system. It is certainly an unpopular move, but looking objectively, it will bring better impact in the long run.

Google this report folks.
It is available in OECD website.

Have a good reading time.