Education As An Essential Element For Overcoming Poverty Essay
Diagnosis Writing Assignment
Education as an essential element to overcome poverty
Developing countries have experienced great progress in primary education access. From 2000 to 2011, the enrollment rate increased from 83% to 90%, and the number of children who had never gone to school decreased by half (from 102 million in 2000 to 57 million in 2011). However, even today 250 million children are unable to read, write or do basic maths. It is not enough to provide school access, improving the quality of learning is decisive. Moreover, children tend to leave school before finishing primary education. Estimations suggest that around 25% of the children who are starting school this September will not finish primary education (same percentage as in 2000). Literacy rates are increasing (from 68% to 89% in Africa and from 60% to 81% in Asia), and differences across sexes are lower today. But poverty, gender, and place of residence are still key factors in keeping children away from school.
According to the standard theory of individual optimization, individuals would trade off the costs and benefits of an additional year of education and will choose to get educated till the point where benefits equal costs. Then, why should the government, or any other institution, get involved in education policy? Empirical evidence suggest that public investment in education has a high social return as it is recognized as an “engine of economic growth”. There are two ways in…