Investing in education could add $2.54 trillion to the global economy: WEF

Investing in education could add $2.54 trillion to the global economy: WEF

WAM: A worldwide improvement in students’ capacity for problem-solving to the average level of today’s top 10 scoring countries could add an additional $2.54 trillion to the global economy, World Economic Forum (WEF) said in its latest report.

The compound effects of the pandemic, pre-existing inequalities, and the rapid technological change of the Fourth Industrial Revolution (4IR), mean that returning to the status quo not only risks undermining the global economic recovery, but also of holding back the potential of an entire generation, it added.

“To enable children to thrive, we must focus on creating learning systems that develop the skills that children, families, communities and societies really need for both today and tomorrow,” according to World Economic Forum’s vision for a future-proof Education 4.0.