One of the biggest economic benefits of schooling are labor market earnings. For many people, education and experience are their only assets. This is why I believe that it’s very important to know the economic benefits of investments in schooling.
If you want to provide more opportunities to girls, you shouldn’t only provide them with an education – you also need to change perceptions of gender roles so that, when they grow up, girls can (among other things) fully contribute to the household’s livelihood. To achieve this, combining education with interventions for entrepreneurship and employment is the right way to go. This messages emerges not only from impact evaluations, but also from experiences on the ground and case studies of non-governmental organizations.
Deep in the winding alleys of a Dhaka slum, business was booming. Rafiq, an entrepreneurial 12-year-old, was selling snacks out of a makeshift food cart – and his customers couldn’t get enough.
A few months ago, I met with over 100 undergraduate and graduate students at seven different technical institutions in the Indian states of Maharashtra and Karnataka, as part of the Government of India – World Bank supported Technical Education Quality Improvement Program (TEQIP II). It took a bit of time for all of us to feel comfortable – how awkward can it get when you are summoned to participate in a meeting with a guest visitor? But, ultimately, we were able to talk freely and even joke a bit.
With the Indian economy poised to be among the fastest growing economies in the world, there is great demand for world-class engineers to drive domestic value-addition, innovation and make the economy even more competitive globally. In this context, the Indian government’s Technical/Engineering Education Quality Improvement Project (TEQIP), supported by the World Bank, has been working with engineering colleges across the country to make them more responsive to a rapidly changing technical environment.
Child marriage. It’s a phrase that was barely uttered or understood in the global development community even just 10 years ago. Yet over this past decade, some 140 million girls, most living in the developing world, have married before the age of 18, forcing them to drop out of school and become pregnant before their bodies and minds are ready. Child marriage may also lead to increased intimate partner violence, restricted mobility, limited access to families or friends, and limited ability to engage in their community’s and country’s development.
This Children’s Day, I am thinking back to an event on the link between quality education and inclusive growth that we had last month in Lima, Peru. The event was memorable not only because of Eric Hanushek’s excellent presentation and the lively panel discussion that followed, but also because there were many students from Lima in the audience.
A month later, I still remember the young faces and how intently they were paying attention to everything that was being said about their futures. At the time, I thought, this is how it should be. There should always be children and youth involved and engaged when the discussion is about them.
I just returned from Paris where I had the pleasure of participating in a defining moment for the global education community: the adoption of the Education 2030 Framework for Action.
This Framework will guide countries through the implementation of the new Sustainable Development Goal 4 (adopted at the United Nations in September), which says that all girls and boys should complete free, equitable and quality primary and secondary education by 2030.