Bank of Israel governor Stanley Fisher states something opposite in this interview.
You’ve talked about Israel’s human capital and education being a concern. What do you mean by that? There are international tests of educational attainment, and Israel’s rank in those tests … is very low and has been falling for years. One reason is that there are separate education systems here. The ultra-Orthodox have one with a different curriculum which is not really good—a lot of English and math and things like that [are missing] … So it’s a problem.
There’s also a significant brain drain in Israel. Can you explain why?
The conditions are enormously better in the United States. A graduating student in economics who gets his first job in the United States will earn three or four times what he earns in Israel. And the universities are better equipped and all that. It demands something of people to come back. In the early years of the state, people wouldn’t go abroad because of patriotism, but it’s become accepted as Israel has become a more normal country. .........
I would take a heavy dose of this with salt... Really, 'educated' is somewhat questionably overrated..
Additionally it seems they are placing a heavy influence on % of people undertaking tertiary education, regardless what that is education in (and not sure what they are clarifying as tertiary educated.. Additionally does it cover those whom are not educated to that level? Put simply for example I believe the average High School pass for a country such as Australia would not compare with even the mid level schooling of a German School (Realschule?) yet Germany is far off that list despite the fact that between the mid and high range of schools in Germany you've probably got a higher % of people more highly 'educated' than say Australia..
I could be wrong in all of this, and I am happy to be corrected on it if anyone knows better.. But this is just what I gathered from what I have heard regarding atleast one country on the list and one not