American Education and Singapore

Many believe the American education system is lagging much of the rest of the world,including Singapore.Singapore is a country built on the concept of human capital,says Michael Milken,head of the Milken Institute think tank.Singapore's three economic pillars are 1.immigration;2.education;and 3.health care.Singapore's gross domestic product is 8-10 times that of Jamaica,which has an economy based on tourism and natural resources.
Singapore spends 10-15% of its GDP on education.
The educational standards in the rest of the world as well are higher than in the U.S.,where teachers tend to come from the bottom of their college classes.
In response to this,the Milken Institute is incentivizing American teachers with awards.There have been 2500 awards so far.It's an Academy Awards for teachers.
In addition,the National Institute for Excellence in Teaching,which was spun off from the Milken Family Foundation,has set up a teacher advancement system.This includes Master Teacher and Mentor Teacher programs.
Michael Milken is a financier best known for helping establish the concept of a high yield bond market.