The education of millions of children is at risk because of the current global financial order. We need change

The world claims to regard education as a universal right. Its financial system tells a different story.

⁠New figures released by UNESCO show that 113 countries with a total population of 6.1 billion now spend more on servicing debt than educating their people. In low-income countries, debt payments are nearly four times education expenditure. In 18 of the most heavily indebted countries, governments spend at least five times more on debt than on education.

  • SirSmoothAES@lemmygrad.ml
    1·
    3 days ago

    Same with Australia belonging to “the west” when it’s basically right below Southeast Asia.

    I think we’re better off using “global periphery” to mean poor countries outside the imperial core. It’s also an established term already.