Question

In: Economics

Table or graph showing Economic problems of education in South Africa and explanations

Table or graph showing Economic problems of education in South Africa and explanations

Solutions

Expert Solution

Education is the baseline for our growth. If a person is educated than he can get better job opportunities, earn income and can afford his/ her daily needs which prevent him from living in poverty. In the economy also education plays an important role for the growth of the economy.

The education level of south Africa leads to other economic issues because low literacy leads to high unemployment rate, low income, high poverty and low GDP growth of the economy. The below table shows some facts about the economy of South Africa.        

Sr. no.

Economic indicators

Rate

1

Population

55.91 million

2

Literacy rate

93% (UNESCO)

3

Unemployment rate

27.70 % (2017)

4

Poverty

25.2% (13.8 million)

5

GDP growth rate

0.6% (2017f)

Though UNESCO has listed South Africa as 93% literacy rate but the child literacy rate is very low there while the government spending on education is very high in South Africa but the quality education is very poor which affects the skill development of young labours. The young people are low skilled due to which they cannot get higher level and skilled works and skilled workers from outside the country are getting better jobs then the country labours. It is leading economy towards high poverty and low employment rate which leads to low growth of the GDP.


Related Solutions

What are some economic problems in South Africa Today and how can they be improved?
What are some economic problems in South Africa Today and how can they be improved?
Essay South Africa economic issues?
Essay South Africa economic issues?
essay south africa educational economic issues
essay south africa educational economic issues
Literature review of an investigation of the funding of higher education in South Africa
Literature review of an investigation of the funding of higher education in South Africa
essay education econmic comparision between south africa and united states
essay education econmic comparision between south africa and united states
Essay about the economic issue in the USA and comparison with South Africa economic issue?   
Essay about the economic issue in the USA and comparison with South Africa economic issue?   
Provide data showing the trend of interest rate change in South Africa over the past seven...
Provide data showing the trend of interest rate change in South Africa over the past seven years. Analyse whether the economic theories attempting to explain and predict the effects of changes in this variable on the macroeconomy are consistent with the facts
essay poverty in south Africa
essay poverty in south Africa
Is South Africa a member of any global free trade zones? Does South Africa have a...
Is South Africa a member of any global free trade zones? Does South Africa have a commitment to sustainability? Specify how these factors can will affect a global marketing plan. ( info must be current please)
Discuss an economic strategy that South Africa can develop, which seeks to find a niche within...
Discuss an economic strategy that South Africa can develop, which seeks to find a niche within the global economy and identify the type of goods and services that are in abundance to export to other countries. This should be substantiated with specific examples. [50 marks
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT