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Analyze The Effects Of Education On Development Of Countries

2463 words - 10 pages

Analyze the Effects of Education on Development of Countries
In the past few years, many countries are in the high speed of development process. During this competitive period, the demand for talent worldwide is increasing rapidly. The governments are gradually aware of the importance in investing in education to improve their governance. For instance, around the world 78 percent of children graduated from primary school in 2000, while by 2005 this figure rose to 83 percent (Brown, 2008). Education is now considered at the top priority in a nation’s development. There is not an overstatement that each country needs an education system which is adapted to the condition of a country. ...view middle of the document...

The failure to solve problems on educating individuals well will lead to an enormous negative impact on the whole country’s economy, because hundreds of thousands of us individuals make up a big family, our country. In particularly, failure to educate girls will hamper the development of the country’s economy. PLAN which is one of the world’s largest aid and development organizations, conducted an analysis which showed that about 65 developing countries failed to educate their girls as equal as boys. The result of this is that these countries were losing on economic growth of every year about an estimated $92 billion (OECD, 2008). However, if government devotes itself to increase the number of girls receiving education, numbers of studies has shown that it will have a positive effect on increasing a country’s per capita economic growth (King and Mason, 2001). Or rather, it will create a better environment for economic growth (Dollar and Gatti, 1999). For another direct case, China has millions of students, many more than the number of the available enrolment. But the government discourages entrepreneurs establishing private university to solve this problem. Hence some 121,000 Chinese students studied abroad during 1995-1996. If it is estimated that each student paid $5000 for tuition, there was about $600 million a year given to foreign countries (Dahlman and Aubert, 2001).
Education has a huge positive effect on a country’s economy growth. Education has a boost to increase a country’s Gross Domestic Product (GDP) and narrow the gap between rich and poor. In the past few years, it could merely be supposed that education seems have a certain important positive effect on a country’s economic growth. Now, in a study, researchers from the International Institute for Applied Systems Analysis (IIASA) and the Vienna Institute of Demography (VID) of the Austrian Academy of Sciences have successfully proved this assumption by a new dataset which shows education does have a consistently positive and significant effect on a country’s economic development with solid evidence (Lutz, et al, 2008). It is necessary to put education in a priority place for long-term economic construction. In the beginning construction period of Singapore, due to lack of resources and land, the government faced tremendous problems in developing the country’s economy. But government kept on paying highly attention to education and developing technology-intensive industries and high-tech industries which promoted the economy growth. Goh stated that ‘national integration through a national education system was seen as the key condition for economy survival (2008).
Economical prosperity is related to the political stability during the process of education by the illustrations of next three countries. In China, children achieve education which is based on national policy. There are some distinct examples showing how these two things interact socially. In order to make sure that...

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