I wrote this following my six-month stint as an OFW.
Since its conception and through its development, formal education has remained, for all its flaws, the mainstream means by which we develop as a civilization -- the part-dictated, part-volitional method through which we pass on knowledge and wisdom to succeeding generations. But as with other variables in society, education does not work in the same way for every society in terms of effects and effectiveness. So to answer the question whether students should possess a broad understanding of many academic subjects rather than to specialize in one field of study, it depends on which society is in question.