Archive for September 3, 2011

MONGOLIA PROGRESSING IN HIGHER EDUCATION, KUDOS!

September 3, 2011

MONGOLIA PROGRESSING IN HIGHER EDUCATION, KUDOS!

Erle Frayne D. Argonza

The scions of Genghiz Khan have slept for so many centuries since the heydays of their great ancestor. Genghiz Khan began an accelerated formation of central institutions of power and the growth of civilization among his tribes, thus transforming tribal primitivism to civilizational oasis.

Genghiz Khan’s lineages are that of Kublai Khan in China and the Mogul emperors Akbar, Shah Jehan, and others in India. Such is the greatness that Mongolia left upon the entire planet, to which I am in full awe and admiration for its people. And, I am saddened by the long dormancy or sleep that befell the great emperor’s scions, who at one time aped the Stalinist devils of Soviet ignominy to no avail.

“Time’s they are a-changing” today in Mongolia, and economic growth is rapid. Like the thunderous East Asia to the south and east of its borders, Mongolia is upbeat from economics to human development pursuits (health, education, gender empowerment).

The same pattern of growth is now wakening the education sector in Mongolia, inclusive of its tertiary education. Below is a very gladdening report from the Asian Development Bank about the innovations taking place in tertiary education in Genghiz Khan’s land.

[Philippines, 02 September 2011]
Source: http://beta.adb.org/news/adb-supports-mongolias-push-more-relevant-higher-education
ADB Supports Mongolia’s Push for More Relevant Higher Education
29 Jul 2011
MANILA, PHILIPPINES – The Asian Development Bank (ADB) is providing a $20 million equivalent loan to help Mongolia improve the quality of its higher education system and increase enrollment by youth from poor, remote communities.
The ADB Board of Directors yesterday approved the financing for the Higher Education Reform Project. Along with strengthening the relevance of existing higher education programs, it will also address issues such as governance and management, financing, and access.
“The ultimate goal is to boost the number of graduates who have the skills to match Mongolia’s changing economic needs, and who can bring international standards to its labor markets,” said Robert Schoellhammer, Country Director of ADB Mongolia Resident Mission.
Mongolia has over 100 higher education institutions but only about 40% of graduates manage to find employment. In response, the Government of Mongolia has drawn up a plan to rationalize higher education which includes reducing the large number of public universities from 42 to 16, and improving teaching and programs.
The project will aid the government’s plan by funding research facilities, staff training, e-learning centers and testing centers. It will aim to strengthen management capacity at universities to improve accountability and transparency, and will support new public-private partnerships and twinning arrangements with industry and foreign institutions to develop labor market-ready graduates.
It will also seek to tackle current imbalances in the system where few students from poor families in remote areas take higher education courses, and boys—despite being strongly outnumbered by girls—get the bulk of jobs on offer after graduation.
“Assistance will be given to increase state support mechanisms for students who are poor or living in distant areas, and for policies that can improve gender balance,” said Eisuke Tajima, Education Specialist in ADB’s East Asia Department. “As part of this initiative four rural institutions will be chosen to pilot distance learning courses to reach out to more students.”
ADB’s loan from its concessional Asian Development Fund has a 32-year term and will fund 90% of the project cost with the government providing an additional $2.2 million. The Ministry of Education, Culture and Science will manage the project which is due for completion by December 2016.
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GROWTH MODERATION FOR EAST ASIA

September 3, 2011

GROWTH MODERATION FOR EAST ASIA

Erle Frayne D. Argonza

International observers are in consensus regarding the sustained growth patterns for the emerging markets of East Asia in the years ahead. This is good news for the global economy as a whole which has been suffering whacks from the downspin patterns in the USA, Europe, and Japan.

The aggregate growth of 9.5% for 2010 was already a best-effort record for the region. It may happen to be the last year when such a high-growth achievement was registered. The ADB has forecast a more moderate growth of 7.9% for 2011 and 7.2% for 2012.

Though already a moderated growth forecast, the East Asian growth as a whole will sustain the positive growth of the entire global economy. Think-tanks across the planet are also of the same opinion for this year and 2012, that East Asia will perform the most appreciable role in salving the global economy.

Below is the report released by the ADB regarding the said economic growth forecasts.

[Philippines, 02 September 2011]
Source: http://beta.adb.org/news/asias-growth-moderate-rising-inflation-weak-global-demand-adb
Asia’s Growth to Moderate on Rising Inflation, Weak Global Demand: ADB
28 Jul 2011
BEIJING, PEOPLE’S REPUBLIC OF CHINA – After a strong rebound in 2010, economic growth in emerging East Asia will moderate this year and in 2012 as authorities continue to battle inflation and as advanced economies try to shore up an anemic recovery, says the July edition of the Asian Development Bank’s (ADB) Asia Economic Monitor (AEM) released today.
The report forecasts aggregate GDP growth for emerging East Asia economies of 7.9% in 2011 and 7.7% in 2012. In 2010 aggregate growth reached 9.3%.
“Growth is easing in most of emerging East Asia as authorities wind down fiscal stimulus measures and tighten monetary policies to counter rising inflation,” said Iwan Azis, Head of ADB’s Office of Regional Economic Integration that prepared the report. “This is actually a good thing so stronger economies like the People’s Republic of China (PRC) don’t overheat.”
The AEM, a semiannual report, assesses the outlook of the 10 members of the Association of Southeast Asian Nations (ASEAN); the PRC; Hong Kong, China; Republic of Korea; and Taipei,China.
Growth in PRC moderated slightly to 9.5% in the second quarter of 2011 from 9.7% in the first quarter. Looking ahead, a slow external environment and tighter monetary stance are expected to moderate growth to more sustainable levels of 9.6% for the full year and 9.2% in 2012.
The highly trade-dependent Newly Industrialized Economies of Hong Kong, China; Republic of Korea; Singapore and Taipei,China should also see a return to more sustainable long- term levels of growth as a weakened external environment slows exports.
Three of ASEAN’s middle income economies—Malaysia, the Philippines and Thailand—should see growth taper due to diminished export demand and tighter monetary policy. Indonesia stands to buck the trend with strong domestic demand expected to drive growth to 6.4% in 2011, above its 6.1% growth in 2010.
The ADB report highlights the risk of rising inflation leading to wage-price spirals that could derail the region’s growth. Other risks to the outlook include a more tepid than expected recovery in Japan and unresolved debt problems in the US and eurozone; increasing financial market volatility; and destabilizing capital flows.
The report also contains a special section on how authorities can respond to inflation driven by surging commodity prices. It suggests that a pragmatic approach to a range of policies may help governments manage the inflationary impact of sustained and volatile changes in commodity prices. It also points out that greater exchange rate flexibility can help mitigate the effects of global commodity price surges on domestic prices.
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Come Visit E. Argonza’s blogs & website anytime!

Social Blogs:
IKONOKLAST: http://erleargonza.blogspot.com
UNLADTAU: https://unladtau.wordpress.com

Wisdom/Spiritual Blogs:
COSMICBUHAY: http://cosmicbuhay.blogspot.com
BRIGHTWORLD: http://erlefraynebrightworld.wordpress.com

Poetry & Art Blogs:
ARTBLOG: http://erleargonza.wordpress.com
ARGONZAPOEM: http://argonzapoem.blogspot.com

Mixed Blends Blogs:
@MULTIPLY: http://efdargon.multiply.com
@SOULCAST: http://www.soulcast.com/efdargon

Website:
PROF. ERLE FRAYNE ARGONZA: http://erleargonza.com