Economic Inequality

1934 Words8 Pages
Education, Markets and Inequalities

Introduction: Education plays a major role in access to economic liberation and social mobility therefore for many from the disadvantaged communities it is the only route to move up the economic ladder. Various studies has shown that economic inequalities are a common phenomenon in multicultural societies and these inequalities are prevalent often due to the varying abilities of individuals from different social classes to seize market opportunities either due to discrimination or market constraints that restrict social mobility and this leads to intergenerational persistence of poverty which have a serious impact on the development process. The question that arises is can Education Bridge the gap of inequality?
…show more content…
One of the key challenges is how does one empirically measure the degree of inequality of opportunities. Therefore one needs to critically analyse if education can provide an answer to reducing the gaps of inequality that exist. We have seen that India has made significant progress in in enrolment at schools which may also be due to the introduction of various centrally sponsored educational interventions and it is seen that the number of schools have increased three fold over the years which may be in response to the demand in the supply side and this growth coincides with the era of economic reform and liberalizations that were adopted in the 90’s that did see a decline in poverty as economic growth helped previously poorer families to enrol their children in schools thereby reducing the inequalities in educational opportunities where by the post reform era of the nineties was indeed a period of rapid increase in literacy and school participation though there remains a substantial gap in educational outcomes across gender, class, caste and religion both in the urban and rural sector which needs deeper understanding of…show more content…
It also compared the increase in professional between 1990 and 2005 showing a rise in professional in the It sector due to the global market and compared how skill played a role in separating highly skilled workers from the less skilled workers thereby widening the gaps of income and showed that just attaining a primary education was not enough to enhance ones earnings and the only way for better economic attainment was a college degree because in contemporary India the only way to gain entry into the dynamic sector of education was acquiring a degree as it was one of the significant way to upward mobility and economic liberty therefor it is important to understand what it takes to get into the
Open Document