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Literacy & Education

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Hanson says that “gender disparity in education, where girls are discriminated against, is a major hindrance in most developing countries” (631). Analysis conducted by one of the world’s largest aid and development organization showed that more than half of the developing countries have not educated their girls and boys. As a result, every year an estimated $92 billion is lost on economic growth of these countries (633). Research findings indicate that if a government devotes itself to increasing the number of girls receiving education, then it will have a positive effect on increasing a country’s per capita economic growth. Thus, a better environment is created for economic growth. In another direct scenario, China has millions of students, more than the acceptable number for enrollment, and the establishment of private universities to solve this problem is discouraged by the government (Hanson 630-633).Hanson postulates that the gap between the rich and the poor can be narrowed down by education, since it is capable of boosting a country’s Gross Domestic Product (GDP), leading to a huge positive impact on a country’s economic growth. The assumption by a new dataset, showing that education has a consistently positive and significant effect on a country’s economic development with solid evidence, has been proven successful by studies conducted by the International Institute for Applied Systems Analysis (IIASA) and the Vienna Institute of Demography (VID) (Jamison et, al 782). Hanson says that; “for a long-term economic construction, it is necessary to make education a priority” (638). Governments of developing countries often face tremendous problems in developing their economy due to lack of resources. In Singapore for instance, the economic growth was promoted due to the government’s attention to education, development of technology-intensive industries and high-tech industries (Hanson 640), hence pointing out the economic significance of education.Many governments in developing economies have introduced new measures to stimulate the local education systems in their countries. For instance, the Indian institute of technology was instituted by the Indian government with the aim of providing elite education. The policy of the country’s education system development and school mission is the ‘national aspiration, national perspectives and trends world-wide. According to Hanson, some
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