Education Update for Long Run Economic Growth

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1. Topic Name: Educational Impact on Economic Growth in developing countries

2. I would like to do a research about different educational systems and its outcome to their countries. I will be focusing on the developing countries educational system and its economic output. I believe and there is a deep relation between education and economy in each country. I will be comparing their educational systems and their economic outputs relating with each other.

3. I think this is one of the major issues in developing countries that why their economy or capital output is low or there is a poverty line that never breaks. By doing this research i want to explain and maybe find the solution on how to make the change while leading to a better economic growth and a better life.

Munkhbold Ganduulga (23)
The relationship between Education and Economy
The relationship between educational systems and the economy is very strong. In the economy the educational and cultural qualities obtained by education will transform economical values. We can observe this situation in every culture we study. The education enriched in school is only a continuation of familial education and has the tendency to preserve the local values and the local culture. Relationships between familial structure, familial education, local cultures, and economic systems are studied by many economic philosophies. Granovetter’s idea of embeddedness may be seen as an attempt to introduce into the analysis of economic systems social organization and social relations not merely as a structure that springs into place to fulfill an economic function, but as a structure with history and continuity that give it an independent effect on the functioning of economic systems. ( James Coleman,1988) For example, monopolistic economies were developed only in some countries. This fact was due to the local psychology, cultural concepts such as discipline, efficiency,...
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