Myths About Education

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As our communities intertwine daily, countries become more dependent on one another. Presently, countries are beginning to become more codependents when it comes to the economy. In other words, each country’s economy will affect another country’s economy, whether positively or negatively. Here is where education plays a major role. Education has the power to influence the global economy. In the United States, the government invests a great deal of their budget into education because it encourages economic growth. If the United States government were to also invest in a developing country’s education, both that country and the U.S. would see growth in their economy. Currently, the U.S. sends foreign aid to help developing countries prosper. However, according to Myths About Aid, “less than 2% of the federal budget goes to foreign aid.” Two percent of the federal budget is not enough to improve the education system in a developing country.…show more content…
It has been revealed, that no country has been able to maintain economic growth without a minimum of forty percent literacy rate (Education). This demonstrates the importance of education in a country. However, the problem most countries face is the lack of resources. The more financial aid schools receive, the more they can spend effectively. For example, the aid can be used to buy more books for the students, renovate the schools, or even improve the technology they have. Those resources give students a better chance in becoming successful after graduating high school. Also, with better resources, teachers can improve the way students learn to read and write. A country with a higher literacy rate will see more of an advantage in their economy, compared to other countries with poor

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