The role of education in economic development: a theoretical perspective
AbstractEducation in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. Education enriches people’s understanding of themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society. Education raises people’s productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role in securing economic and social progress and improving income distribution.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 9023.
Date of creation: 2001
Date of revision:
Publication status: Published in Journal of Rural Development and Administration 1, Winter.XXXIII(2001): pp. 39-47
Human Development; Economic Growth; Poverty; Labour Productivity; Education; Technology; Trade; Health;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- I2 - Health, Education, and Welfare - - Education
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
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