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Impact of Higher Education on Economic Development

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製作日数5日間

希望販売価格10,000円～50,000円未満

At present, education is nationally and internationally recognized as one of the most important ways and means for promoting economic development. Here arises a question that which type of education will have to be imparted to the national development in terms of primary, secondary or higher education. Knowledge-based contest within a globalized economy is accelerating a fresh consideration of the role of higher education in economic development and its expansion. As the record, it was seen that the higher education was very much costly and at the same time, it was really inefficient public service which could only benefit the wealthy and privileged class. At present, we are able to understand its importance to make a necessary assistance, keeping consistency with the other factor to be successful in the field of economic development. Now, it becomes easy to know the way how to improve up the national productivity, competitiveness in the market and economic growth of a country. If we take a short look upon some recent research findings, we can see that the higher education is a determinant as well as a result of income. It must be a production of the public and private sectors. Additionally, the higher education may create awareness about how to increase tax revenue, boosts savings and investment. It also improves a nation’s health, contribute to reducing the rate of population growth and improve technology in order to strengthen the governance.

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