Economics Report (VOA)

Economics Report (VOA)

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hophitrong By hophitrong Updated Dec 24, 2014

For VOA Learning English, this is the Economics Report.

More people are able to receive higher education worldwide than in the past. but the amount of higher education is causing social and economic divisions in many countries. A recent study by the Organization for Economic Development and Cooperation, or OECD, also finds that some developing countries are making progress. Five years ago, the world financial crisis hurt many nations. But it did not slow growth in education. 

The OECD report notes the quality and amount of education is increasing the division between what it calls the "haves" and the "have-nots". In some areas, rising unemployment has affected people with lower education levels more than others. They earn considerably less than those with higher degrees. There are 34 economically developed countries in the OECD. Among those countries, the unemployment rate for people with a university education is about 5 percent. However, the rate is almost 20 percent for 25 to 34-y...

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