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Making smart and effective investments in people’s education is critical for developing the human capital that will end extreme poverty. But learning is not guaranteed, as the 2018 World Development Report (WDR) stressed. For societies, it drives long-term economic growth, spurs innovation, strengthens institutions, and fosters social cohesion.ĭeveloping countries have made tremendous progress in getting children into the classroom and more children worldwide are now in school. Globally, there is a 9% increase in hourly earnings for every extra year of schooling. It delivers large, consistent returns in terms of income, and is the most important factor to ensure equity and inclusionįor individuals, education promotes employment, earnings, health, and poverty reduction. Education is a human right, a powerful driver of development, and one of the strongest instruments for reducing poverty and improving health, gender equality, peace, and stability.
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