The cost of not educating girls is USD 15-30 trillion

By | July 17, 2018

There are countries in the world where girls don’t receive school education which costs the global economy USD 15 to 30 trillion. Only 66 percent of girls in the low-income countries are able to complete primary school. One in three girls completes their lower secondary school education.

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The loss incurred in human capital wealth because many adult women did not complete universal secondary education is reckoned to be ranging between USD 15 trillion to USD 30 trillion worldwide.

It is seen that women who with at least secondary education are more likely to work and their earning is almost twice than those women who have no education.

When there are 130 million girls who are not able to become engineers or journalists or CEOs because they could not have proper education, our world economy suffers a loss of trillions of dollars. That lost money could be used to strengthen the global economy, public health, and stability.

Leaders need to start investing seriously in girls’ secondary education. The money we are losing is a clear indicator that we need to start investing now.

There are about 132 million girls in the world, aged between 6 and 17, are not in school. Out of this 75 percent are adolescents.

The time has come when we should stop letting gender inequality come in the way of global progress.

Inequality in education on the basis of gender is a fixable issue that is costing us trillions. We should stop doing this gender inequality and give both the genders an equal chance to succeed. It is the best for the greater good of everyone.

A woman’s educational attainment also has a large impact on their lifetime fertility and population growth,both directly and through a reduction in child marriage and early childbearing.

Simulations were carried for 18 countries using demographic projection tools. It was seen that the average reduction in population growth was approximately -0.18 percentage points. However, the reductions in annual population growth rates are different based on the country in concern.

The largest country of these 18 countries was India, and the reduction was estimated at only -0.08 percentage point. The reason is that India has already seen most of its demographic transition.

To put things in perspective, India’s population growth is currently at 1.2 per cent annually. Other countries in the simulations had up to three per cent or more population growth annually.

While this phenomenon is not observed in USA, but there is a lot what we people can do. There are various international organizations that are into the mission of educating girls globally. One of the most popular one is Malala Fund, which is based on the name of a Pakistani girl who got shot by Taliban because she went to school, Malala Yousafzai. Her organization now works towards educating girl children in the needy countries.

Education is a precious asset be it for man or woman, we should all do a little towards making education possible for everyone.

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