Importance of Increased Percentage GDP Allocation on Education
Public education has increasingly become necessary for all communities across the globe. Different governments in the world have increased their budgetary allocations on public education. Although the private sector has equally invested in schools and colleges, it has not entirely taken over the role of government in the provision of free or affordable education. The American government allocates about 5% of its GDP on education (Borman & Hewes, 2012). Similarly, most other government has allocated a significantly lower fraction of their GDP on education. The low percentage of allocation to public education threatens the numerous benefits that communities are likely to obtain through affordable education. The following study identifies the benefits that society stands to gain by making education accessible to many people and how an increase in the GDP allocation will enhance access to education. Therefore, an increase in the current GDP allocations to the public education will potentially increase the accessibility of education to many and hence open up communities to the benefits of education.
A country is set to benefit both socially and economically by investing heavily in its educational sector. Firstly, a proper and accessible educational system will create a constant follow of the skilled workforce within the economy that is necessary to drive the economy and hence contributes to a high GDP. Secondly, the accessibility creates a safe and secure community since it engages youth who would have otherwise...
References
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