Sample Economics Paper on Senegal and Uruguay

Introduction

Education does not only equip people with the necessary tools to be productive citizens but also impacts the management of available resources. Senegal has failed considerably in the responsibility of educating its youth adequately. The levels of education in this country contrast sharply to those of countries like Uruguay that have highly prioritized it. Uruguay offers free public education from preschool to university. The economy of Senegal is also performing poorly in comparison to that of Uruguay in terms of GDP. From the examples of Senegal and Uruguay, it is clear that education impacts the economy significantly.

Senegal’s education system is failing significantly. There were 2,365,000 pupils studying in primary and secondary education as at the end of 2014. Out of this figure, 75% (1,783,000) are in primary school (epdc.org 1). The worrying statistic is that about 43% of the youth have not undergone any formal education. In addition, a worrying 19% of the youth only have incomplete primary education at most. 62% of youths aged 15-24 years either have incomplete or no primary education at all in Senegal (epdc.org 1). In terms of human development index, Senegal was ranked number 161 worldwide with a score of 0.494 points. The human development index measures the degree of a country’s progress. The GDP per capita is US$1093.40 (countryeconomy.com 1). It is clear that among other problems, poor education standards have had a detrimental effect on the economy.

Unlike Senegal, Uruguay seems to be performing quite well in terms of education. In this country, public education is free from preschool to university. Master and doctoral level education is also free. In addition, there is also open-access. No restrictions of quotas and exclusionary exams exist. 95.3% of children between the ages of 6 and 11 years attend primary school (heritage.org 1). Out of this number, 73.8% of children between ages 12 and 14 years enroll for secondary education. Out of the number that attends Secondary School, 51.4% of children between ages 15 and 17 years attend high school (heritage.org 1). 23.7% of the youth between ages 18 and 24 years attend university. In terms of human development index, Uruguay was ranked at number 54 worldwide with a score of 0.795 points. The GDP per capita is US$15,221 (countryeconomy.com 1).

Conclusion

Undoubtedly, the degree and standard of education that a country’s population is exposed to has a direct effect on the economy. Senegal’s commitment to education of the youth is questionable because 62% of youths aged 15-24 years either have incomplete or no primary education at all in this country. On the other hand, Uruguay has performed better in this regard with 95.3% of children between the ages of 6 and 11 years attending primary school. There is also a corresponding disparity in the economies of the two countries. The GDP per capita is of Senegal is US$955 while that of Uruguay is US$15,221. Although other factors are involved, the effect of education on the economy is undeniable.

 

Works Cited

Epdc.org. “Senegal: National Education Profile 2014 Update”. Epdc.Org, 2014, https://www.epdc.org/sites/default/files/documents/EPDC%20NEP_Senegal.pdf. Accessed 7 May 2018.

Heritage.org. “Uruguay Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption”. Heritage.Org, 2018, https://www.heritage.org/index/country/uruguay. Accessed 7 May 2018.

Countryeconomy.com. “Uruguay 2018”. Countryeconomy.Com, 2018, https://countryeconomy.com/countries/uruguay. Accessed 7 May 2018.

Countryeconomy.com. “Senegal 2018”. Countryeconomy.Com, 2018, https://countryeconomy.com/countries/senegal. Accessed 7 May 2018.