Essay on role of education in economic development

The following conditions must be satisfied for attaining technological advancement in a country: As underdeveloped countries have failed to fulfill these conditions thus their development process is neither self-sustaining nor cumulative. Thus in order to attain a higher rate of development, the underdeveloped countries should adapt only that type of technology which can suit their requirements. Developing countries like Mexico, Brazil and India have been applying technologies developed by advanced countries as per their own conditions and requirements.

Essay on role of education in economic development

Essay on role of education in economic development

Explore the latest strategic trends, research and analysis Education is a human right. And, like other human rights, it cannot be taken for granted. More than million children do not complete primary education. Behind these figures there are children and youth being denied not only a right, but opportunities: This year, decision-makers will set the priorities for global development for the next 15 years.

They should make sure to place education high on the list. The deadline for the Millennium Development Goals is fast approaching. We have a responsibility to make sure we fulfill the promise we made at the beginning of the millennium: The challenge is daunting.

Many of those who remain out of school are the hardest to reach, as they live in countries that are held back by conflict, disaster, and epidemics.

And the last push is unlikely to be accompanied by the double-digit economic growth in some developing economies that makes it easier to expand opportunities. Nevertheless, we can succeed. Over the last 15 years, governments and their partners have shown that political will and concerted efforts can deliver tremendous results — including halving the number of children and adolescents who are out of school.

The Role of Education in Economic Development

Moreover, most countries are closing in on gender parity at the primary level. Now is the time to redouble our efforts to finish what we started. But we must not stop with primary education.

[BINGSNIPMIX-3

That is why we must also set targets for secondary education, while improving quality and learning outcomes at all levels. Addressing the fact that an estimated million children worldwide are not learning the basic skills they need to enter the labor market is more than a moral obligation.

It amounts to an investment in sustainable growth and prosperity. For both countries and individuals, there is a direct and indisputable link between access to quality education and economic and social development. Likewise, ensuring that girls are not kept at home when they reach puberty, but are allowed to complete education on the same footing as their male counterparts, is not just altruism; it is sound economics.

Communities and countries that succeed in achieving gender parity in education will reap substantial benefits relating to health, equality, and job creation.

All countries, regardless of their national wealth, stand to gain from more and better education. Learners of all ages need to become familiar with new technologies and cope with rapidly changing workplaces.

According to the International Labour Organization, an additional million jobs will be needed by Here are five things you should know about the pivotal role of education in economic development: Education is an investment The importance of knowledge and learning has been recognized since the beginning of time.

Although education is an important factor for the economic development of a country nevertheless many other factors also contribute a major role towards the economic development of a country like economy, natural resources, peace and exports.

Role of Education in Development! The role of education in development is crucial as it is not that the research and discoveries are of paramount importance for the development of technology and communication, but education has a significant role in creating awareness, belief in values of modernity.

Leah is a small group of economists economic education role on essay of in development predicted in that state, and many were especially influential in self management and accountability on public land, and write a paper that discusses these two birth cohorts.

Education is the driving force for the national development and economic growth are very strongly depends on the education and these both are .

Here are five things you should know about the pivotal role of education in economic development: Education is an investment The importance of knowledge and learning has been recognized since the beginning of time.

Essay planning templates The Role of Education in Economic Development! Till recently economists have been considering physical capital as the most important factor determining economic growth and have been recommending that rate of physical capital formation in developing countries must be increased to accelerate the process of economic growth and raise the living standards of the people.
The role of education in economic development: a theoretical perspective Role of Education in Development Article shared by: Role of Education in Development!
Why education matters for economic development | Education You can help correct errors and omissions.
Essay on the Economic Development of a Country