GDP & Education: An Overlooked Factor.
The gross domestic product ‘GDP’ is the total market value of goods and services produced by a country’s economy during a specific period, when it comes to calculating it, economists consider consumption, investment, government spending and net exports. But there’s a hidden factor that’s common yet overlooked, what is it?
Education is the most important and ironically overlooked factor when it comes to GDP, as Malcolm X describes it: “Education is the passport to the future, for tomorrow belongs to those who prepare for it today.”
Governments should acknowledge that spending more on education is a crucial and beneficial factor that affects all aspects of Life, it is the basic building block of a nation, the best investment to develop a healthy, prosperous and equitable society, therefore I firmly believe that governments should invest a higher proportion of money to improve the quality of education, which aligns with the sustainable development goal number 4 of the UN by 2030, and through this project, I proved that there’s a relationship between improving education and boosting GDP, to convince greedy politicians.