More than two decades of experience in development and crisis response show me how education can make a long-lasting difference in children’s lives. But education’s not only better for children, it’s good for nations. Buying education isn’t the ideal thing to do, it’s smart economics. This morning at the World Economic Forum meeting in Davos That’s the discussion I provided to global market leaders.
Education can put people on a route towards good health, employment, and empowerment. It can benefit to create more peaceful societies. And the benefits of young ladies’ education reaches their own children, who are often healthier and more informed because their moms went to college. Evidence shows that, on average, each additional season of education boosts a person’s income by 10 per cent and raises a country’s GDP by 18 per cent.
Some researchers calculate that if every child learned to learn, around 170 million fewer people would reside in poverty. Yet, there’s an education turmoil. Right now, in 2015, more than 120 million children are out of college. And worse, we face a learning turmoil. On top of that, the children who most reap the benefits of an education are those most rejected it through no problem of their own. Perhaps their own families are poor.
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Perhaps they live with disabilities and cannot access the school. They reside in remote areas or belong to nomadic communities Perhaps. More than half of the children who don’t go to school live in conflict-affected countries. This is sad especially. Education will offer them safety and the chance to learn skills that will assist them to heal wounds and rebuild their societies.
And the task is growing. By 2030, over 600 million more children should be signed up for the college to achieve basic education for any. So, what do we must do to obtain additional children in school and learning? These pressing issues, and more, are addressed in a fresh UNICEF report: The Investment Case for Education and Equity, today which I launched. First, we must invest more in education.
26 billion more to get children in school and learning. Second, we should invest more effectively: in learning; growing preschool; abolishing school fees; enhancing learning assessment;, and being more responsible to neighborhoods for education results. And third, we should make investments more equitably. So that the small children who are most in need get access to quality learning.
Consider this: on average, in low-income countries, about 50 % of all open public education resources are allocated to the 10% of students that are most informed. Resources to the wealthiest quintile of children are to 18 times larger than those to the poorest quintile up. That is wrong. We cannot, we must not, disregard this injustice.
This knowledge must be an impetus for changing just how we finance global education. The Investment Case for Education and Equity calls for immediate action. There is no time to reduce. Educated children are in the center of healthy, productive, and prosperous societies. If that is the future we want tomorrow, we must invest today.