Education is very central to ending poverty all over the world and especially in low income countries. Here is how:
If all children left school with basic literacy skills, extreme poverty could end because about 171 million people would be lifted
In each additional year of schooling, earnings increase by roughly 10%
For each $1 invested in an additional year of schooling earnings increase by $5 in low-income countries and $2.5 in lower-middle income countries.
If workers from poor and rich backgrounds received the same education, disparity between the two in working poverty could decrease by 39%.
Educational attainment explains about half of the difference in growt
h rates between East Asia and Sub-Saharan Africa between 1965 and 2010.
Increasing tertiary attainment by one year on average would increase sub-Saharan Africa’s long-term GDP by 16%.