"The main reason Portugal does not have a competitive per capita GDP in the euro area .."
The huge investment that has been made in higher education, science and technology took a whole generation for this effort to start displaying its results.
The number of STEM PHDs for example, is today orders of magnitude higher than it was 20 years ago - things like this do take time and do not reflect on GDP data immediately.
And yes we're starting to see its effects, though not at the level that I expect will be obvious to everyone who still thinks of Portuguese people through the prejudice resulting for many years of low productivity caused by high levels of illiteracy.
Actually, I have a friend from Slovakia, and what he tells me is exactly the opposite you have commented above - that the education system in Slovakia is today much worth than it was 10 years ago.
Anyways, I'm seeing a lot of IT companies (local and foreign) being created and investing in Portugal and I invite you to come here to see for yourself how a big bet in education can have huge payoffs on the economical development of a country.
"The main reason Portugal does not have a competitive per capita GDP in the euro area .."
The huge investment that has been made in higher education, science and technology took a whole generation for this effort to start displaying its results.
The number of STEM PHDs for example, is today orders of magnitude higher than it was 20 years ago - things like this do take time and do not reflect on GDP data immediately.
And yes we're starting to see its effects, though not at the level that I expect will be obvious to everyone who still thinks of Portuguese people through the prejudice resulting for many years of low productivity caused by high levels of illiteracy.
Things are changing, see the example below:
Remote raises $150m and becomes Portugal’s fifth unicorn - https://sifted.eu/articles/remote-unicorn/
Actually, I have a friend from Slovakia, and what he tells me is exactly the opposite you have commented above - that the education system in Slovakia is today much worth than it was 10 years ago.
Anyways, I'm seeing a lot of IT companies (local and foreign) being created and investing in Portugal and I invite you to come here to see for yourself how a big bet in education can have huge payoffs on the economical development of a country.