Every year on October 17 the whole world celebrates the day of the eradication of poverty. It was first adopted in December 1992 by the United Nations. We are all convinced that by providing the quality education to every boy and girl, we can fight extreme poverty. According to the report provided by the Global Education Monitoring and UNESCO Institute for Statistics, the secondary education can help lift 420 million individuals out of poverty. It can reduce the number of poor globally by more than half.
Education Can End Up Inequalities. Education Is The Key To End Eradicate Poverty.
The following are some advantages that can help the society if we impart at least basic education to all.
- Education can easily promote economic growth.
- Education also raises voice to fight against injustice in the society.
- Education assists in learning about several diseases and encourages people to live in the healthy surrounding.
- Education can also reduce food insecurity. The people in rural areas can use the resources in the right manner if they are educated and have all the necessary knowledge. They can also get a good job to support their family.
It’s significant that the governments impart basic education to each individual so that every person is conscious about the rights.
Education Can Combat The Underlying Structures Of Extreme Poverty:
Poverty can be reduced by increased access to education. On the marginalized populations’ earnings basic skills such as writing, reading and numeracy have a documented helpful effect. It adds to the rate of return on the economy.
UNESCO published a paper showing that education is important to eradicate chronic poverty and to stop the transmission of poverty between generations. The rate of income is better in the lower-income countries than in high returns countries. Primary education has a better rate of income than secondary education. Education can also enable the ones in paid formal employment to get higher salaries: a year of education is linked with a ten percent increase in salary.
Education can also change structures in food security. Research from the year 1980 that still is significantly examined the effects of primary education on farming production in thirteen countries. It established that the average annual gain in the making linked with four years of schooling was 8.7 percent. Education is the most important factor that is helpful in eradicating extreme poverty – in a sustainable manner.
It is, therefore, significant to spend on education that offers youth and children with relevant practical and theoretical skills.