Better Education for Economic Growth
There is a high rate of youth unemployment in developing countries. Many middle and high school students can’t read or solve basic math. Without these basic skills, they can’t further their education to the secondary or tertiary level. The Organization for Economic Cooperation and Development (OECD) recently released findings that show that basic reading, math and science skills can increase economic growth. If every teenager has these basic skills, it will reduce unemployment and increase that country’s GDP.
As the figures show, it is important for countries to invest in their youth because the benefits are enormous. In South Africa, there is 63 percent youth unemployment. There are jobs available but youth lack the basic skills to fill those jobs. There is a high rate of illiteracy in South Africa. My native Ghana only enrolls only 46 percent of students at the secondary level. It is paramount for administrators to invest in education as it leads to a more skilled workforce, which in turn increases economic growth.