Cindy abacus technologies12/8/2023 Most people of a working age will give some money to their parents," he told CNBC.Īnother cultural reason behind the divergent math ability is that numbers are a lot more prominent in many Asian cultures, according to Bellos. "One of the cultural reasons for that, a lot is invested in your children's education – it's the cultural norm, in later years, for your children to send you money. Read More This country has the world's smartest students Firstly, in many Asian countries, parents have a vested interest in their child's mathematical ability. "Parents have higher expectations, so that affects the children's attitude and behaviors and learning of that subject."īellos, who has studied cultural responses to numbers across the world, highlighted a number of reasons for this different attitude. "Most of the differences between Asia and the West are culturally related," he told CNBC. fly in Chinese teachers to help in an overhaul of the way the subject is taught in schools earlier this year.īut this focus on teaching might not be the only answer, according to Professor Lianghuo Fan, who was brought up in China, but is now head of Southampton University's Mathematics and Science Education Research Centre in the U.K. Attempts to "look East" even saw the U.K. have launched a number of initiatives to boost the teaching of math in their school. In an effort not to be left behind by their Asian counterparts, both the U.K. Read More The job skills gap starts in high school economy around £20.2 billion ($34 billion) – or approximately 1.3 percent of gross domestic product (GDP). In March, British charity National Numeracy claimed that, each year, low levels of numeracy cost the U.K. Poor numeracy could even have a serious economic impact. They're encouraged from a very young age to apply themselves more than people in the U.K." "It could be down to cultural differences. "Certainly, we do see a lot of people with an Asian background who end up in the financial sector," he told CNBC. Martin Constantinides, director of high-tech recruitment firm ECM Selection, stressed that strong math skills were in demand across all industries, as the processing of big data becomes more prevalent.īut the most demanding numerical roles - such as quantitative analysts, or quants – were often landed by Asian candidates, according to Constantinides. Having poor numeracy skills can seriously harm employment prospects, and not just in the financial sector. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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