Friday
September 30
2022

Analysis: How An Income Share Agreement Can Improve Access to Quality Education For Sub-Saharan Africa

By Batya Blankers

Tertiary education has long been positively associated with economic development. While definitions and contexts can vary, tertiary education generally refers to any formal skills development beyond high school or secondary school. This can range from bachelor’s degrees and diploma programs to bootcamps and short term certificate courses. In Sub-Saharan Africa, it’s no surprise that the demand for tertiary education continues to grow, as countries in this region realize they must prepare their young workforce to exhibit skills that can catalyze economic growth as a means of remaining competitive in today’s globalized world.

While this growth in demand is good news for the continent, it outstrips the current supply of quality tertiary education. This imbalance has been fueled by the increase in access to education at the primary and junior secondary school level. Although the gross enrollment ratio for tertiary education grew at an average annual rate of 1.5 percent higher than the global annual average between 1970 and 2013, the region continues to demonstrate the lowest participation rate in tertiary education in the world.

Photo courtesy of Jhon Dal.

Source: Busiweek (link opens in a new window)

Categories
Education
Tags
economic development, education, global development, skills development, technology