The biggest global school rankings have been published, with Asian countries in the top five spots and African countries at the bottom.
Singapore heads the table, followed by Hong Kong, with Ghana at the bottom.
The UK is in 20th place, among higher achieving European countries, with the US in 28th.
The OECD economic think tank says the comparisons - based on test scores in 76 countries - show the link between education and economic growth.
"This is the first time we have a truly global scale of the quality of education," said the OECD's education director, Andreas Schleicher.
"The idea is to give more countries, rich and poor, access to comparing themselves against the world's education leaders, to discover their relative strengths and weaknesses, and to see what the long-term economic gains from improved quality in schooling could be for them," he said.
The top performer, Singapore, had high levels of illiteracy into the 1960s, said Mr Schleicher, showing how much progress could be made.
In the UK, the study shows about one in five youngsters leave school without reaching a basic level of education - and the OECD says that reducing this number and improving skills could add trillions of dollars to the UK economy.
"I think it's partly a mindset, an expectation. There are plenty of examples of schools that have raised the bar dramatically," said education minister Lord Nash.
The analysis, based on test scores in maths and science, is a much wider global map of education standards than the OECD's Pisa tests, which focus on more affluent industrialised countries.
This latest league table, ranking more than a third of the world's nations, shows how countries such as Iran, South Africa, Peru and Thailand would appear on an international scale.
It shows once again the poor performance of the United States, slipping behind successful European countries and being overtaken by Vietnam. It also highlights the decline of Sweden, with the OECD warning last week that it had serious problems in its education system.
Figures mapped above show estimated growth in GDP over the lifetime of pupils. The figures assume that all pupils are enrolled in schools and that they achieve at least basic skills.
The rankings are based on an amalgamation of international tests taken in different regions, putting developed and developing countries on a single scale.
The findings will be formally presented at the World Education Forum in South Korea next week, where the United Nations is to convene a conference on targets for raising global education by 2030.
'Every student to succeed'
The top five places are all taken by Asian countries - Singapore, Hong Kong, South Korea, Taiwan and Japan.
The five lowest-ranked countries are Oman in 72nd, Morocco, Honduras, South Africa and Ghana in last spot.
"If you go to an Asian classroom you'll find teachers who expect every student to succeed. There's a lot of rigour, a lot of focus and coherence," says Mr Schleicher.
"These countries are also very good at attracting the most talented teachers in the most challenging classrooms, so that every student has access to excellent teachers."
The report, published by the OECD and written by Eric Hanushek from Stanford University and Ludger Woessmann from Munich University, argues that the standard of education is a "powerful predictor of the wealth that countries will produce in the long run".
"Poor education policies and practices leave many countries in what amounts to a permanent state of economic recession," says the report.
Millennium targets
Improving education would produce "long-term economic gains that are going to be phenomenal", says Mr Schleicher.
If Ghana, the lowest ranked country, achieved basic skills for all its 15-year-olds, the report says that it would expand its current GDP by 38 times, over the lifetime of today's youngsters.
The report will provide evidence for next week's World Education Forum of how achieving education targets can deliver economic gains.
The milestone conference, under the auspices of the United Nations, will mark 15 years since the setting of education targets by world leaders.
These millennium targets for education, such as providing all children with a primary education, have not been fully achieved.
But the World Education Forum will set another round of global targets for the next 15 years.
Keep these in mind as you contemplate the direction of the American government over the past 50 years and especially since the Obama election.
The Goals of Communism
(as read into the congressional record January 10, 1963, from "The Naked Communist" by Cleon Skousen)
1. U.S. acceptance of coexistence as the only alternative to atomic war.
2. U.S. willingness to capitulate in preference to engaging in atomic war.
3. Develop the illusion that total disarmament of the United States would be a demonstration of moral strength.
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extension of long-term loans to Russia and Soviet satellites.
6. Provide American aid to all nations regardless of Communist domination.
7. Grant recognition of Red China. Admission of Red China to the U.N.
8. Set up East and West Germany as separate states in spite of Khrushchev's promise in 1955 to settle the German question by free elections under supervision of the U.N.
9. Prolong the conferences to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.
10. Allow all Soviet satellites individual representation in the U.N.
11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U.N. as by Moscow. Sometimes these two centers compete with each other as they are now doing in the Congo.)
12. Resist any attempt to outlaw the Communist Party.
13. Do away with all loyalty oaths.
14. Continue giving Russia access to the U.S. Patent Office.
15. Capture one or both of the political parties in the United States.
16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers' associations. Put the party line in textbooks.
18. Gain control of all student newspapers.
19. Use student riots to foment public protests against programs or organizations which are under Communist attack.
20. Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.
21. Gain control of key positions in radio, TV, and motion pictures.
22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to "eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms."
23. Control art critics and directors of art museums. "Our plan is to promote ugliness, repulsive, meaningless art."
24. Eliminate all laws governing obscenity by calling them "censorship" and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
26. Present homosexuality, degeneracy and promiscuity as "normal, natural, healthy."
27. Infiltrate the churches and replace revealed religion with "social" religion. Discredit the Bible and emphasize the need for intellectual maturity which does not need a "religious crutch."
28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of "separation of church and state."
29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the "common man."
31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of the "big picture." Give more emphasis to Russian history since the Communists took over.
32. Support any socialist movement to give centralized control over any part of the culture--education, social agencies, welfare programs, mental health clinics, etc.
33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.
34. Eliminate the House Committee on Un-American Activities.
35. Discredit and eventually dismantle the FBI.
36. Infiltrate and gain control of more unions.
37. Infiltrate and gain control of big business.
38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand.
39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.
40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.
42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use united force to solve economic, political or social problems.
43. Overthrow all colonial governments before native populations are ready for self-government.
44. Internationalize the Panama Canal.
45. Repeal the Connally reservation so the United States cannot prevent the World Court from seizing jurisdiction over nations and individuals alike.
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