ATPnovel Chapter 748 - 561: Focus on Education
Chapter 748 - 561: Focus on Education
As time enters December 1921, Arthur also realizes that the economic crisis is not far away.
Compared to external territorial and power expansion, maintaining order in Australasia and ensuring that it can safely weather this economic crisis is currently the most important task.
It is important to note that the severe consequences of this economic crisis are in no way less than those of a super war, and its destruction of national economies far exceeds that of a world war.
If Arthur remembers correctly, this world economic crisis, which goes down in history, caused global economic and industrial production to decline to the level of the beginning of the 20th century.
During the crisis, industrial production declined by 37.2% in the capitalist world, with the United States declining by 40.6%, France by 28.4%, the United Kingdom by 16%, and Japan by 8.4%.
This is a huge crisis for powerful nations worldwide, but it also presents an opportunity for Australasia to surpass Europe economically.
The United States was the hardest hit by this economic crisis, with 140,000 businesses and 10,000 banks going bankrupt.
How exaggerated is this number? The total number of registered businesses in Australasia is currently less than 10,000, with fewer than 100 banks, highlighting the serious gap between the United States and Australasia.
As long as Australasia seizes this opportunity, it will have no problem becoming the second economic power below the United States.
By then, Australasia will become the world’s third pole, not inferior to the UK and US, and be a true world-governing player, rather than a pawn governed by players.
So, how do we weather the economic crisis?
After nearly 22 years of development, Australasia has achieved some results in education.
First of all, it has nine internationally renowned universities. In addition to the famous universities, there are 17 common universities established by state and municipal governments. Find your next adventure on empire
This means that the total number of universities in Australasia has reached 26, capable of cultivating more than 13,000 university students for the country each year.
According to the financial summary data for 1921, the government invested as much as 31.93 million Australian dollars in education throughout the year, accounting for 16% of the total annual fiscal expenditure.
In Arthur’s subsequent plans, increasing the number of universities and expanding their scale remains an essential topic.
According to the current situation in various industries, Australasian university graduates undoubtedly have skills, and many of them have even entered high-level positions in various industries within a few years after graduation, becoming the backbone of all Australasian industries.
Particularly talented researchers have joined research labs at their universities or even had the opportunity to join the Royal Science Academy.
It should be noted that the current number of scientists in the Australasian Royal Science Academy is less than 1,000, with an exact number of 772 people.
These 772 top experts, known in Australasia and even worldwide, are worth courting by any government.
And those technicians educated in technical schools have also entered the middle and high levels of factories and enterprises to a considerable extent.
In any era, having a skill is excellent. Especially in the development background of Australasia, where the working class thrives, having a skill to maintain a livelihood is no problem at all.