Reported about 1 year ago
A recent report by UNESCO on June 17 reveals that by 2030, the global economy faces an estimated annual loss of $10 trillion due to lack of education and schooling, surpassing the combined GDP of Japan and France. The organization urges countries to address the issue of dropouts in order to break the cycle and achieve universal quality education goals. The report highlights the economic losses and social consequences of inadequate education for the first time, suggesting that reducing youth dropout rates by 10% could increase a country's GDP growth rate by 1-2%. It also emphasizes the importance of investing in early childhood education, providing second chances for those who missed out on quality education, and creating a safe and inclusive learning environment.
Source: YAHOO