The Power of Education Policy
Education has been and can continue to be at the center of global poverty reduction, Amory Gethin emphasises in this
IMF publication. The proportion of the world’s population living below the international poverty line of $2.15 a day dropped from 44 percent in 1981 to 9 percent in 2022, according to the World Bank. Research points to education as one of the main drivers of inclusive growth. There has been an unparalleled expansion of access to schooling over the past 50 years, in high-income and low-income countries alike. This generated large productivity gains, especially for those living in poverty. Education accounts for fully half of total economic growth and two-thirds of real income gains among the world’s poorest 20 percent since 1980. The author notes that education quantity, not quality, was at the center of global poverty reduction.
https://www.imf.org
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