Rather, as economies develop, mobility is likely to increase if opportunities become more equal, which typically requires higher public investments and better policies. While mobility tends to improve as economies get richer, the report suggests that there is nothing inevitable about this process. On the other hand, East Asia, Latin America and Middle East and North Africa have seen their average mobility improve. In some low-income or fragile African countries, only 12 percent of today’s young adults-those born in the 1980s-have more education than their parents. The report- Fair Progress? Economic Mobility across Generations Around the World-shows that Africa and South Asia, the regions with most of the world’s poorest people, have the average lowest mobility. The developing world accounts for 46 of the bottom 50 economies in terms of mobility in education from the bottom to the top.
Mobility is also much lower, on the average, in developing economies than in high-income economies. Yet, mobility has stalled in recent years in large parts of the world, with the prospects of too many people across the world still too closely tied to their parents’ social status rather than their own potential, according to the findings of a new World Bank report launched today. If you are born into a low-income family, what are the chances that you will rise higher regardless of your background? The ability to move up the income ladder, both in one’s lifetime and with respect to one’s parents, matters for fighting poverty, reducing inequality, and even for boosting growth.
0 kommentar(er)
