One factor contributing to a slow rate of economic growth in Latin America is that broad...

One factor contributing to a slow rate of economic growth in Latin America is that broad basic education has been underemphasized in most countries.

True or False

Expert Solution

Case Specifics

Education in today's time, can be thought of as being one of the most potent tools to handle the problem of unemployment and social inequality across the globe.

Countries which have not been able to generate sufficient employment opportunities are those which have not been able to increase the overall skills of the people that live in the country. Skill development on the contrary requires active participation by the government in helping create an environment wherein education is given prime importance to.

In the case, of Latin America, the average growth rate has been extremely low at 1-4% and this has large implications for the countries. Economies wherein growth rates are so low have bureaucratic issues and the governments fail to create long term employment opportunities which increases the social and economic divide between people.

One of the biggest factors influencing the slow rate of growth across Latin America can be attributed to the sluggish growth in educational sector across all countries. Subsequent analysis of most countries regularly is conducted and among children, it was found that they have limited learning capability and the schools were not functioning properly. Further teachers were highly underpaid because of which the economic progress is extremely slow.

Conclusion:-

Therefore, we can conclude that one of the biggest reasons, of slow growth in Latin America is that the educational facilities are not well developed and is underemphasized in most countries.

The statement thus is true

Rahul Sunny answered 1 year ago

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