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Education - An Economic Growth Factor

  • Carmen NASTASE

    ()

    (University “Stefan cel Mare”, Faculty of Economics and Public Administration, Suceava, Romania)

  • Alina HODOROABA

    ()

    (Technical College ”Petru Musat”, Suceava, Romania)

Education is a strategic area of development. As part of the education system, higher education is the mechanism that can give to a society the resources necessary for its correlation with social and economic developments at global level.The truth that education is a factor of economic growth is not a new thing. During time, it was proved that investment in education, research and development, and health insurance is undoubtedly more profitable than the other inputs.The future of every nation depends fundamentally on the extent to which its system is able to provide to their citizens a performant level of training, which make them competitive worldwide. In higher education must meet the highest standards, with reference to a multitude of functions and characteristic activities - training, research, teachers, students, programs, resources, initiation, management etc. - all competing to achieve the major objectives which converge towards sustainable development of the country.Thus, the present paper emphasize within an international study, the importance of education in development and growth.

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Article provided by "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration in its journal The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration.

Volume (Year): 10 (2010)
Issue (Month): 2(12) (December)
Pages: 53-60

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Handle: RePEc:scm:ausvfe:v:10:y:2010:i:2(12):p:53-60
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