Personal Finance
What Schools won’t Teach – Financial Literacy
By Theory of Constraints  •  November 23, 2019
Take some moment to digest this. Education in Singapore is undeniably superior. Being one of the best education system in the world (as rated by the Organization for Economic Cooperation and Development in 2015), students here are highly focused on being taught specific problem-solving skills and subjects, in a highly-scripted classroom environment. The curriculum ends off with tests and exams which tightly revolved around it and are extremely important to progress in life. Singaporean students are especially proficient in math and the sciences. The average 15-year-old is 10 months ahead of students in western countries for English and 20 months ahead in math. We also score among the best on international exams. Lee Kuan Yew, our first prime minister’s strategy was “to develop Singapore’s only available natural resource: its people”. Over a period of 50 years from a low skill labor-driven market (after 1965 independence), the government managed to...
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By Theory of Constraints
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