The Importance of Education in Economic Growth
Journal Title: Manager Journal - Year 2013, Vol 18, Issue
Abstract
The main purpose of this paper is to examine the relationship between education and the economic growth of a country. Education is one of the most important factors for the economic and social developments of a society; and it is also the main component of the construction of human capital. It is very difficult for a country to accomplish a successful economic progress if it does not invest sufficiently and judiciously in education. Therefore, investment in education is seen as the vital part of a country’s economic development. It is clear that educational investments are expensive and long-term projects and must be more important than other possible development projects in order to ensure the welfare and prosperity of societies. Unfortunately, this idea falls especially focusing on most under-developed countries. For this reason, the importance of education in a country’s economic development and growth must be stated and asserted overtly and unambiguously.
Authors and Affiliations
Selami Ahmet Salgur
Keywords
Related Articles
- EP ID EP442564
- DOI -
- Views 67
- Downloads 0
Situation Analysis of Trade Unions and Industrial Relations in Bangladesh: A Country Profile
Industrial Relations (IR) is an inter-disciplinary field that encompasses the study of all aspects of people at work. IR is a fascinating subject for the study understanding discussion and practice, as it covers the whol...
Youth Labor Market: an analysis from the perspective of students at first professional experience
The Romanian labor market for students is a variable with many unknowns for them: from the process by which they can easily find a job, the job offers for them, the financial and non-financial offer, the motivation, the...
Risk or Innovation, Which one is far More Preferable in Innovation Projects?
The object of this research is to identify the sources of risk in innovation projects and to determine whether they could be managed better. Due to the diversity of opinions and theories over the nature of risk, reaching...
The Agency Problem in the Romanian State Owned Enterprise: The “Contractual Paradox”
This article is an analysis of a “contractual paradox” which exists in the relation between an agent and a principal, in the presence of rent extraction. This case focuses exclusively on the State Owned Enterprise – SOE...
The Strategic Sport Marketing Planning Process
In many segments of the sport industry, sport marketers are pressured to increase their product sales to generate increased revenues for their organizations. This pressure poses a challenge. Because sport marketers are i...