The most important asset of any organisation or country is its reserve of human resource. The capacity of society to understand and successfully adapt to new situations is highly related to the levels of training and education of its individual members. The education system, therefore, is one of the main foundations of any society's future. Over the last decade, Spain and the Valencia region, in particular, have experienced precipitous drops in fertility that will inevitably reduce school enrolments. In this paper we quantify the magnitude of the reductions and, after some analysis, lay out the potential consequences for the regional education system, and for society as a whole.
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