Over the past decade, Australia’s education system has gradually lost its high performance reputation. While the country’s mean scores were well above the OECD average in the latest round of PISA testing, Australia was outperformed by six countries in reading and scientific literacy, and 12 countries in mathematical literacy. The majority of countries that outperformed Australia are located in East Asia.
Improving Productivity Through Education surveys the available literature and details what the implications of this declining educational performance are for Australia. It focuses in particular on the opportunity costs of persisting with the status quo. These include: