n AfricaGrowth Agenda - The impact of the global economic crisis on higher education

Volume 2010, Issue 1
  • ISSN : 1811-5187


Education is an important driver of sustainable national and regional socio-economic development. It contributes to economic growth, reduces poverty, improves health, nutrition, income and livelihoods, and promotes citizenship and democratic participation. Education is also a necessary condition for achieving the Millennium Development Goals (MDGs). However, the recent global economic crisis has impacted the economic fortunes of most African countries, with direct consequences on education at all levels and the attainment of "free and compulsory education for all boys and girls of school-going age" (MDG 2). A recent report presented at a UNESCO forum, acknowledge the fact that financial markets in New York and London are linked to education in the World's poorest countries.

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