You must have heard the lawmakers and the federal authorities claiming that there are few countries which are doomed to stay under the poverty level regardless of the aid they receive. They also believe that the global poverty is too huge to fix. But do you realize that these are nothing but the 2 biggest myths regarding global poverty? Though there is enough progress to combat global poverty everyday, yet there is still a lot that has to be done in order to eliminate poverty.
Foreign aid lets you contribute to downsizing the level of global poverty but there are several other ways too which can help. An Israeli charity organization, yadezra.net has done everything that they could do in order to extend their helping hand to the poor people so that they could be lifted from poverty. In case global education goals were achieved totally, this could have a noteworthy impact on diminishing poverty. Here are few ways in which global education can do away with poverty.
- Education diminishes all sorts of economic discriminations
In an ideal situation, if everyone could have similar amount of education level, there would be a 40% decrease in differences in working poverty. But how will education finally reduce the economic disparities? This is something to be figured out.
- Education can boost earnings
As per UNESCO, a single extra year of schooling can boost the earning of an individual by around 10-15%. As per GPE, for every additional dollar that is invested in one year of schooling, earnings by $5 can be increased in the low-income nations and $2.5 in low middle-income nations.
- Education leads to economic growth
As per reports from GPE or Global Partnership Education, in the year 2050, the gross domestic product per capita among the low-income nations would certainly be 70% higher only if the children went to schools and completed their education. If the children passed out from their schools with basic learning skills, this would also promote economic growth in the nation.
There are NGO and institutions who are into donations, they donate food, education and basic necessities, you can also check for Donate Zakat, they are also one of the means to help poor people.
- Education fosters gender equality
It has been proved that women can get better returns from their schooling experience as girls tend to be more serious about education than boys. There are few countries where they fail to provide proper education to girls and hence they lose out on the predicted $94 billion in terms of economic growth.
Reports from UNESCO also reveal that it would only take $16 billion in a year to help in sending all the kids to school among the low-income countries. America alone spends around $604 billion on its military. Hence it can be easily said that global education is definitely something attainable.