Education

QUESTION Does education plays an important role in economic development? THESIS Education plays an extremely important role in economic development INTRODUCTION + THESIS Nowadays, the world is crossing over a period of economic changes that affect all the countries. However, these changes do not impact in the same way in all the societies. They can appear in different grades depending in the economy of a country. Economy is widely related to education; it plays an extremely important role in economic development. BODY (Main reasons  Supporting ideas) Production/Technological advances Capitalism/Incomes/Globalization Social stratification When people internalize general knowledge, they can understand all kinds of issues that globalization brought in the world and how they impact in their lives. Globalization spread all over the world a variety of issues as wars, social exclusion, climate changes, capitalism, economic problems, etc. By understanding these issues, people can be aware of what happen around they and not to be ignorant. In relation with globalization appears the concept of Capitalism. It is the actual economic system which is spread all around the world. Capitalism has as a production tool the use of the capital, which is the money that a country produces.

CONCLUTION

Education 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.