Education drives prosperity, progress
Education has a direct link with a country’s prosperity. Our large population must be leveraged to advantage. All countries with huge populations have made excellent use of this human resource to drive economic growth and improve the standard of living. This was possible mainly through the achievement of high literacy rate.
Singapore exemplifies how education can transform a country. Although it has limited natural resources, Singapore boasts a high GDP, which is mainly due to education. Education drives progress and intellectual capacity building, which drives the ability to distinguish between right and wrong, which results in overall better governance. Education drives innovation and creates values and the ability to foresee the future and do solution-based thinking, which drive economic growth.
Studies have revealed that an increase of 20 to 30 per cent in literacy results in a gain of 8 to 16 per cent in GDP. The benefits of education and its impact on a country’s productivity and economic growth must be understood and harnessed to take the country to glorious heights of development, progress and prosperity.
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