The Mexican government ranks last in annual spending per student among the Organisation for Economic Co-operation and Development countries, according to a new report made public on Tuesday.
The OECD report, “Education at a Glance 2015,” also revealed that Mexico spends less then US$4,000 per student compared to the OECD average of around US$10,000. Currently, the OECD, which was created in 1960, has 34 member countries, including Chile, Mexico, Austria, Australia, Portugal, Spain, United Kingdom, United States and Canada, among others.
The findings come despite seeing an increase in investment towards education as a percentage of the country’s GDP, which rose from 4.4 percent in 2000 to 5.2 percent in 2012.
The OECD survey went on to warn that inequalities in education produce serious consequences as on economic and social inequalities due to “its strong links to employment, earnings, overall wealth and the well-being of individuals.”
The issue of inequality sits low down the political agenda despite extreme inequalities in income, which proportionately is home to more billionaires, and more people living in poverty (52.3 percent), than any other country in the world, according to Oxfam.
In 2014, Mexican President Enrique Peña Nieto approved a series of controversial education reforms despite overwhelming opposition by the country’s teachers’ unions, which has introduced mandatory regular testing of teachers: the results of which are to influence appointments, salary levels and career progression.
VIDEO: Laura Carlsen interviews the dean of Mexico City University