![]() “The relationship between aggregate cognitive skills, called the knowledge capital of a nation, and the long-run growth rate is extraordinarily strong,” the study’s authors conclude. A 2021 study co-published by Stanford University and Munich’s Ludwig Maximilian University shows us that, between 19, 75% of the growth in gross domestic product around the world was linked to increased math and science skills. EDUCATION IS LINKED WITH ECONOMIC GROWTHĮducation is the best way out of poverty in part because it is strongly linked to economic growth. ![]() Here are 7 of the ways that education affects poverty.ġ. This is why the United Nations named quality education one of its Sustainable Development Goals to achieve by 2030. If all adults completed secondary education, we could cut the global poverty rate by more than half. They can then use these skills to earn higher incomes and build successful lives.Īccording to UNESCO, if all students in low-income countries had just basic reading skills (nothing else), an estimated 171 million people could escape extreme poverty. They also gain knowledge and skills, and often at a higher level than those who don’t attend school. ![]() Education helps to remedy many of the other issues that can keep people, families, and even whole communities vulnerable to the cycle of poverty.Īt its core, a quality education supports a child’s developing social, emotional, cognitive, and communication skills. This is why access to quality education is a globally-recognized solution to poverty. Education is often referred to as the great equalizer: It can open the door to jobs, resources, and skills that help a person not only survive, but thrive. ![]()
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