In the modern world, as competitions between different countries are more and more severe, many countries place special emphasize on education, which includes primary education, secondary education and higher education. The French revolutionary Danton said more than two centuries ago, "After bread, education." Education, especially elementary education, which makes people are able to read and write, is universally recognized as one of the most fundamental building blocks for human development and poverty reduction (World Bank, 2010). The development of a country can be defined to make nation grow stronger and more harmonious. It is measured with the sustaining improvement in the standard of living and the quality of citizens’ life such as income per capita (per person GDP) growing, medical security consummating, having the right to vote, et cetera. It will be argued in this essay that education is beneficial to different countries’ development in the areas of economics, society, politics and technology.
Gary (1964) states that the education level of a country determines a country’s knowledge level and human capital which affect the growth of economy. More specifically, education and training of a country's workers are two major factors in determining the success of the country's economy will do. Furthermore, educated workers who are able to read and write always have more accessible way to master the latest technique and they will be more innovative to come up with many creative ways to do their job better or produce goods using less time with higher quality than those uneducated people (Ashton et al, 1999). In Benin, a study of programme quality over 2000-2005 showed possible positive outcomes, 60 percent of participants professed that turnover and profits in their companies had increased while costs had fallen owing to more workers getting trained as well as more well-educated staffs employed (African Economic Outlook, 2008).In addition, given the evidence from the scope of the world, economic growth depends on the human capital level, which are decided by the level of education. Indeed, in June 1993, the Bank’s vice president for Latin America and the Caribbean declared: “For us, there is no greater priority in Latin America than education.”All in all, the knowledge and skills of workers available in the labour is a key factor in determining both business and economic growth. In terms of the individual, people will get more wages if they have better education. To put it another way, education can enhance personal income (Bario, 1997). It has a direct impact on the economy of education growth. By education, people get professional training and improve their individual labor productivity which is company managers and factory administrators extremely need nowadays. Hence, educated people are much easier to take up an occupation or find better treatment work (Sanderson, 2008). The data from the U.S. Bureau of Labour Statistics shows that personal earnings increase at every level of education. For instant, in 2005, people who finished high school earned almost $175 more per week compared with those who dropped out. Moreover, high school graduates made over $100 less than someone who got a bachelor's degree. On the other hand, educated people can not only improve themselves, but also raise the people’s productivity and income around them. A study of sub-Saharan poor countries (Cochrane, World Bank Staff working paper, No.405.) showed that when the famers received one more year secondary education, they are more accessible to learn new production methods and technology (e.g. adopting some new seeds) and help other famers who are lacking of education to increase their grain output. As a result, all families’ incomes increase which played a significant role in local economic development. Altogether, there is clear evidence that shows a crucial positive effect on economic growth. Recently, researchers from the International...
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