contribution of education toward economic growth
Contribution of education sector toward economic growth
Abstract
This report is design to show the increase in economic growth of country with the development of its education sector. An increase in the capacity of an economy to produce goods and services, compared from one period of time to another is known as the economic growth of a country, which shows the development of a country. Nations cannot be developed without investing in education. Education is a multidimensional process, on one side, it enhances the economic growth and on the other side, it reduces the poverty by increasing the productivity. Education plays a vital role in shaping the way in which future generations learn to cope with the complexities of economic growth.
Educational institutions prepare the citizens to be able to participate actively in all walks of life including economic activities. The study also recommends pro-poor growth and education in Pakistan. In Pakistan problems face by private and public educational sectors due to which they were not doing their best. The magnitude of change needed makes clear that closing the economic gap with developed countries will require major structural education system.
Introduction
Education is generally considered as a powerful tool in reducing poverty enhancing economic growth, empowering people, improving private earnings, promoting a flexible and healthy environment and creating competitive economy.
Education economics or the economics of education is the study of economic issues relating to education, including the demand for education and the financing and provision of education. From early works on the relationship between schooling and labor market outcomes for individuals, the field of the economics of education has grown rapidly to cover virtually all areas with linkages to education.
There are two very basic reasons for expecting to find some link between education and economic growth.
Abstract
This report is design to show the increase in economic growth of country with the development of its education sector. An increase in the capacity of an economy to produce goods and services, compared from one period of time to another is known as the economic growth of a country, which shows the development of a country. Nations cannot be developed without investing in education. Education is a multidimensional process, on one side, it enhances the economic growth and on the other side, it reduces the poverty by increasing the productivity. Education plays a vital role in shaping the way in which future generations learn to cope with the complexities of economic growth.
Educational institutions prepare the citizens to be able to participate actively in all walks of life including economic activities. The study also recommends pro-poor growth and education in Pakistan. In Pakistan problems face by private and public educational sectors due to which they were not doing their best. The magnitude of change needed makes clear that closing the economic gap with developed countries will require major structural education system.
Introduction
Education is generally considered as a powerful tool in reducing poverty enhancing economic growth, empowering people, improving private earnings, promoting a flexible and healthy environment and creating competitive economy.
Education economics or the economics of education is the study of economic issues relating to education, including the demand for education and the financing and provision of education. From early works on the relationship between schooling and labor market outcomes for individuals, the field of the economics of education has grown rapidly to cover virtually all areas with linkages to education.
There are two very basic reasons for expecting to find some link between education and economic growth.