Talent pool in terms of occupational knowledge around the globe is building stronger and if research studies are to be trusted, it will be at its best ever by 2030. The number of tertiary educated group (25-35 years) also commonly known as graduates is highly rising. Especially, the count in the OECD countries (Organization for Economic Co-operation and Development) has boosted by a whopping 45% in the last 10 years. The growth trends are estimated to continue in the same manner and contributions from the OECD and G20 countries is expected to grow through 2030.
Around 2005, the condition was set as it was gearing up to be better for the future. The number of tertiary educated group was around 14% in these countries-whereas, they are estimated to have 45% of them by the end of 2030 (provided the same growth rate is sustained). The non-OECD, G20 countries (Group of 20 nations) like India, China, Brazil, Argentina, Russia, Saudi Arabia and others are most active participates in the growth over the last decade. In 2005 there were around 94 million tertiary educated people out of which 60% were represented by the OECD countries. The same is ought to reverse in 2030 as 70% of the crowd is expected to represent the non-OECD G20 nations.
G20 members have proved to be the most benefiting ones as they have had some unpredictable growths in the last 10 years. In 2005 most tertiary educated people came from the US, followed by China, Russia and Japan. This had a big shift by 2013, as the numbers swapped with China leading the pack with 17% and India closing in with the USA with 14% each.
Further India and China together are likely to continue to lead the trends; they are all set to represent 30% of the global talent pool within the next 15 years. By 2030, both the countries will have a whopping contribution of almost 50% of the 300 million (25-34 years) tertiary educated group. In comparison, the European countries along with the US will account to only a quarter of the total.
#China and #India will make up for 60% of global #STEM graduates by 2030
However, the US is working towards its goal of achieving the highest proportion of college graduates by 2020, it aims to have 50% hike from the present count for which the USA department for education is executing plans. The European Union aims for a 20% boost within the same time period. It is interesting that the European groups such as Denmark, Finland, France, Spain, Ireland and UK have already met similar targets which were set for the year 2012.
Meanwhile in the Asian parts-China and India are working on similar increase. China has set a target of 20% hike in the number of its citizens attending higher tertiary degree in the next 5 years (by 2020). For India the target is set to have a 50% hike in the enrollment rate by the end of 2030.
India and China will hold the most STEM graduates by 2030:
STEMstands for (Science, Technology, Engineering and Mathematics). There will be a massive change in countries that contribute to people with knowledge in these subjects. Experts from STEM will be mostly represented by China followed by India; 60% of the OECD and G20 educated will be sourced from these two nations. The BRICS nations as a group are expected to hold three quarters of all STEM graduates around the globe. On the other side US and Europe will loose their counts as they are likely to lack well below average by 4% and 8% respectively.