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Education is essential in helping the lower developed countries strive [LL2]to catch up with the Western World. The Millennium Development Goals (MDGs), a set of goals aimed at helping the world’s poorest, consists of eight goals that can be accomplished with the use of education. These goals were developed in 2000 and established after the Millennium Summit of the United Nations as a target for 2015. Not all of the goals were accomplished by 2015, but there has been a great amount of progress achieved. Education has had an extreme impact on some of these goals, and if it is used correctly will help to solve the problems of the world’s poorest places. My goal is to explain these issues and how they can be resolved with the use of education.The first goal is to eradicate extreme poverty and hunger. This consists of a few sub-groups as well, but I will be more general with my explanation. Education promotes and inspires entrepreneurship, which helps to generate positive externalities like work, loans, businesses, ect. The United Nations Educational, Scientific, and Cultural Organization (UNESCO) report that each additional year of schooling can increase an individual’s wages by 10% per year. This suggests after ten years an individual could be making one hundred times the amount they were a decade ago[LL3]! The use of education to teach the skills necessary to create complex markets has and will continue to help the less developed countries.


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