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Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Citi-GPS-Is-Education-Fit-For-The-Future?

Perspectives

Citi GPS: Is Education Fit For The Future?

Author

By Citi GPS, Global Perspectives & Solutions

July 19, 2017Posted InInvestment Strategy

In some parts of the world, students are going to school every day. It’s their normal life. But in other parts of the world, we are starving for education… it’s like a precious gift. It’s like a diamond’

Malala Yousafzai, Education Activist and Nobel Laureate1

 

There is no shortage of inspiring quotations about the impact education can have on an individual but Malala Yousafzai’s comment from 2013 has a special resonance in our view. This is because it not only highlights the importance of education but also the profound asymmetry of access worldwide. If education truly is the ‘oxygen of opportunity’, we have to acknowledge that not everyone enjoys this privilege and even those that do may still face challenges as the tectonic plates of demography and automation shift beneath them.

In this report we look more carefully at the role education plays both for individuals and society. We also consider the asymmetries of access that exist both across and within markets.

We look at the value of education but also the challenges faced in continuing to provide access as governments grapple with the headwinds posed by changing demographics and disruption in the workplace, in particular from automation.

Finally we consider potential solutions to these challenges both in terms of securing access for more people worldwide but also improving productivity and driving better outcomes. The thread running through all of this is a fundamental question – are the benefits from education diminishing and what role will governments, corporates, investors, and individuals play in making sure that how education is provided is fit for the future?

The conclusions are at once encouraging but sobering. On the positive side, it is clear that education has had and is still having a very positive impact on society both economically and in terms of social well-being. This said, supply and demand imbalances as well as disruption from automation represent a significant challenge for governments and society more broadly. It is also hard to avoid the conclusion that the benefits of education are unevenly distributed both across and within markets and even between people of different social backgrounds, ethnicities, and genders. This needs urgent attention.

Although the precise prescriptions differ between developed and developing markets and from primary to secondary to tertiary education, we think the answer to these challenges lies in broadening the sources of financing for education, in embracing the role of technology and the impact it can have on increasing productivity, and in trying to change attitudes to learning and education, encouraging individuals to think about it as a lifelong process.

The especially encouraging thing is that if this works, there is not only a better chance that more people can get more access to education driving benefits for society and individuals alike, but there is an active role to be played by – and opportunity to be exploited by – governments, corporates and investors along the way.

Click here to read the report in full.

 

 

1Yousafzai, Malala. ‘Death Did Not Want to Kill Me’. Interview with Diane Sawyer. ABC News. 7 October 2013. http://abcnews.go.com/WNT/video/diane-sawyer-sitsinspirational-malala-yousafzai-20499735