The role of quality education in determining future economic wellbeing has been clearly established. The skills of individuals strongly affect their economic future. The skills of the population set the pattern of economic growth of countries. The current pattern of global education thus provides a picture of future growth and development. How has the pandemic affected global economic development? By historical patterns, what would improving the schooling of Hungarian students mean for future economic wellbeing? And will artificial intelligence reduce the need for quality schooling? Each of these issues highlights the importance of quality schooling, and - according to research findings - quality schooling is directly related to effective teachers. Policies to ensure effective teachers remain the key to economic development everywhere.

Eric Hanushek is the Paul and Jean Hanna Senior Fellow at the Hoover Institution of Stanford University. He is internationally recognized for his economic analysis of educational issues, and his research has had broad influence on education policy in both developed and developing countries. In 2021, he received the Yidan Prize for Education Research. His widely-cited studies span such topics as the effects of class size reduction, school accountability, teacher effectiveness, and the economic returns to school quality. He has authored or edited twenty-five books and over 300 articles. He is a Distinguished Graduate of the United States Air Force Academy and completed his Ph.D. in economics at the Massachusetts Institute of Technology. (http://hanushek.stanford.edu/)

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