Economic Progress

This investment has an average 10% return

Students set up their donated laptop computers on the first day of school at Joplin High School in Joplin, Missouri August 17, 2011. Residents are still recovering and rebuilding from a devastating tornado that ripped through Joplin, in late May, killing nearly 160 people and destroying more than 8,000 homes and other structures. Nearly three months after the deadly tornado, the school year started on time Wednesday, including a brand new high school built in a mall. The computers were purchased with a $500,000 gift from the embassy of the United Arab Emirates to spend on laptops.

Investing in schooling has long term economic benefits, explains Harry Patrinos. Image: REUTERS/Eric Thayer

Harry A. Patrinos
Manager, World Bank
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 Global rate of return to investment in schooling by level
Image: Montenegro and Patrinos 2014
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Related topics:
Economic ProgressFuture of WorkEducation, Skills and Learning
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