5. Explain the macro influences on educational institutions.
The first socio-economic factor that is going to define the global approaches towards educational outcomes is Disparity in Wealth. The development of various arenas is afoot but what remains relatively stagnant is the social mobility of the deprived population and we see that the gap between the richest and the poorest nations and populations is widening. The inequity impacts the policies related to education and stagnates the national education policies of the developing countries. The compatibility of the international curriculums taken from the OECD countries with the national education scenes of the developing nations leaves much to be desired for.
The schools are the points where the equitable distribution of opportunities starts and if that position is compromised, the social dynamics are impacted adversely.
The second macro-trend that is seen as relevant to the global education industry is the Advent of the Asian Consumer. The Asian economies are on the rise, and although the Asian countries also grapple with the inequity of wealth among population groups, a sizeable ___ _______ _______ ______ ______ ____ ________ _________ _________ ___ ________ _____.
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