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Teaching quality, education, economic growth and prosperity in the Czech Republic
 Münich, Daniel ; Krajčová, Jana ; Protivínský, T.
This study reports in detail on how Czech society will suffer financially in the future if it is unable, or unwilling, to invest greater resources and systemic efforts into improving teaching quality. Our simulated estimates demonstrate that the financial impact of foregoing potential improvement would be huge. The paradox of this high level of unrealized societal gain can be explained in various ways. Either Czech society is still insufficiently aware of the extent of the societal advantages that they forgo by failing to improve teaching quality, or a substantial part of the society is currently failing to consider the long-term impact. It may also be that the Czech political-educational system is currently unable to translate a realization of the extent of this loss into concrete measures and investments.
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