Investing or not in education, that is the question
"Imagine life without the polio vaccine or without the cardiac pacemaker. Think of a world without advanced cancer therapies or rapid transport systems. Better yet, a planet without crop resistant to disease or drought, or a hospital without intensive care units. " Considering the 10 greatest ways of writing a winning essay
Thus begins a letter published in the Washington Post, on May 2, 1995, addressed to the United States Congressmen in order to increase the research funds of the universities. And it is that these institutions are owed amazing advances that have made the world safer, more comfortable and richer.
Hence, in recent years the United States has progressively increased its investment in education and research to 2.7 percent of its GDP with the promise of further development and growth for all.
An astronomical investment, but is it worth it? The last issue of the British magazine The Economist dedicated its cover to reflect on this question. Ensures that for college students the rate of return is very favorable. Without considering sub-Saharan Africa, a student receives an average increase of 14 percent in their income for each additional year of higher education.
In Latin America, the outlook is better and this gain reaches 16 percent. In general, explains the English weekly, the return to higher education is greater in poor countries than in rich ones.