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The importance of education for sustainable development essay
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INTRODUCTION
The world has recorded an improvement in the living standards over the last millennium, most of which can be attributed to the embracing education around the world. Education is a powerful instrument with a huge potential to increase opportunity for individual, community, and countries. It involves the refinement of human resource to explore its infinite potentials to achieve sustenance. It has huge potential to increase human capital in the labor force and also improve the innovative capacity of an economy.
Because of the significant impact of education to economic development over the years, early scholars even acknowledged education as a very relevant form of investment in human capital and continue to propose means to explore its effectiveness to improve economic growth and eliminate poverty. Plato for example recognized education is important for the right use of wealth and considers education one of the greatest priorities in human life. Bessarion was also an early prominent figure that made the connection of production and techno-logical education, recognizing the economic significance of education (Lampros 1930, vol. IV.). The Mercantilist emphasized a rudimentary educational system with practical orientation and efforts to improve the existing infrastructure. And the Physiocrats advocated a system of education that stresses a political system in accordance with the natural order.
In the pre-modern era, collective investment in human capital was not considered important to any country. People, communities and government spent less on schooling, on-the-job training and other forms of human capacity improvement. However, the industrial revolution witness a more systematic investment in human capital as s...
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history of economic thought. London: Blackwell.
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Thought. Oxford: Oxford University Press.
Backhaus J. (2012) Handbook of History of Economic Thought: Insight into the founders of modern economics. Springer Science+Business Media,
Stevens P. & Weale M. (2003), Education and Economic Growth, International Handbook on the Economics of Education, Edited by G. and J. Johnes
Hanushek E A and Wößmann L (2010), Education and Economic Growth. In:
Penelope Peterson, Eva Baker, Barry McGaw, (Editors), International
Encyclopedia of Education. volume 2, pp. 245-252. Oxford: Elsevier.
Stevens and M. Weale, Education and Economic Growth, International Handbook on the Economics of Education, Edited by G. and J. Johnes, August 2003
"Growing Income Inequality and the Education Gap." Economist's View. N.p., 8 May 2006. Web. 12 Dec. 2013.
Odden, Allan, Monk, David, Nakib, Yasser and Picus, Lawrence. "The Story of the Education Dollar." Phi Delta Kappan (October, 1995): 161-168.
In order to break through the status quo of poverty for generations, there needs to be more efficiency on education. In our current society, establishments would rather hire someone who well qualified with college degree rather than just a high school education. For our modern day survival we need education because it will give up opportunities and help we need to become successful. The higher a person educational degree the more invested opportunity to move up in the ranks in our
Many great minds believe that education is a powerful tool. Investing in your education is the most valuable and most rewarding thing a person can do to secure their future. Influential people who have brought positive changes to the world have said: “The investment in knowledge pays the best interest”. (Franklin). “Education is the most powerful weapon which you can use to change the world”. (Nelson Mandela). “A brighter future starts with an education”. (Montgomery).
Hungerford, L., & Wassmer, W. (2004). K-12 Education in the U.S. Economy. Its impact on Economic Development, earnings and housing values. National Education Association. 1(3): 1-58.
The amount of funding for education was the most difficult to determine. This education system seems to be very inefficient and the huge backlog of teacher pensions restricted the more favorable budget. Well educated students leads to a more productive economy but there are many who do not take ad...
Rouse, C.E. (2007). Qualifying the Costs of Inadequate Education: Consequences of the Labor Market. In C.R. Belfiels and H.M. Levin (Eds.), The Price We Pay: Economics and Social Consequences of inadequate Education (pp. 99-124). Washington, DC: Brookings Institution Press.
Education remains a cornerstone for society as it has for decades. Technology advances, the economy fluctuates, and politics change, but education remains, not only important but imperative for personal and social growth. Yet, as important as it is touted to be, the quality and purpose of learning is often lost in the assembly-line, manufactured process of education that exists today.
Subjects talked about incorporate the advantages, costs and financial return of school training, examination for compensation of school graduates, and the ramifications of rising educational cost and falling wages for the estimation of school instruction (Abel, Jaison R., and Richard Deitz. "Do The Benefits Of College Still Outweigh The Costs?." Current Issues In Economics & Finance 20.3 (2014): 1-12. Academic Search Alumni Edition. Web. 1 May
Economists Thomas Robert Malthus and David Ricardo. Although differences of opinion were numerous among the classical economists in the time span between Smith’s Wealth of Nations (1776) and Ricardo’s Principles of Political Economy and Taxation (1817), they all mainly agreed on major principles. All believed in private property, free markets, and, in Smith’s words, “ The individual pursuit of private gain to increase the public good.” They shared Smith’s strong suspicion of government and his enthusiastic confidence in the power of self-interest represented by his famous “invisible hand,” which reconciled public benefit with personal quest of private gain. From Ricardo, classicists derived the notion of diminishing returns, which held that as more labor and capital were applied to land yields after a certain and not very advanced stage in the progress of agriculture steadily diminished.
...quired in relation to the skills available leading to the reduction of income inequalities and social cohesion compared with to rival economy’s such as China and India (Teaching and Learning Research Program, 2008.) The idea that a successful knowledge/skill based economy is the dependent of significant proportion of the work-force being in possession of a university level degree or the equivalent as well as higher access to opportunities within the Lifelong Learning sector, participation numbers have to rise to reflect this being beneficial for both individuals and society as a whole.
Education is generally seen as a formal process of instruction, based on a theory of teaching, to impart formal knowledge to one or more students (Cogburn, n.d.). Henceforth, individuals seek to acquire some form of schooling from pre-school through secondary school while others may go on to tertiary to better him or her in some way. A definition of education according to the Oxford Advanced Learner’s Dictionary is that education is “a process of teaching, training and learning, especially in schools or colleges, to improve knowledge and develop skills.” Where education in the common parlance has become a process of adding layers of one’s store of knowledge, the true aim of education is to call forth that which is essential to the individual (White, 2006). Furthermore, and according to Coombs and Ahmed 1974, education is a continuing process, spanning the years from earliest infancy through adulthood and necessarily involving a great variety of methods and sources. Education also involves inculcating in students distinct bits of knowledge; therefore education is an additive process (White, 2006). It adds to an individual as well as it adds to a country through the individuals who are and would have been or are being educated. According to a study conducted by Olaniyan and Okemakinde 2008, education creates improved citizens and helps to upgrade the general standard of living in a society. Furthermore, education plays a key role in the ability of a developing country to absorb modern technology and to develop the capacity for self-sustaining growth and development (Todaro and Smith, 2012).
O’Dubhslainé, A. 2006. The White Paper On Education: A Failure To Invest. Student Economic Review. 20 p 115
Education is a vital part of society. It serves the beneficial purpose of educating our children and getting them ready to be productive adults in today's society. But, the social institution of education is not without its problems. Continual efforts to modify and improve the system need to be made, if we are to reap the highest benefits that education has to offer to our children and our society as a whole.
From birth, education is what allows for our development. Newborns are already learning after exiting the womb as they start familiarizing themselves with their new environment. Theoretically, education is supposed to be the tool that allows for self-improvement. The modern education system reassures us that one’s background does not define their future. In America, education is one as the factor that gives all its citizens equal opportunity. The idea of anyone being able to create their own path to success regardless of their origin is what has attracted people from overseas and can be why America is commonly known as “the land of immigrants”. Whether it is education in a classroom or from personal experiences, it is what allows us to become knowledgeable of the world we live and people we interact with. Education is supposed to give people the opportunity to better ones self and obtain the skills and the knowledge deemed worthy in obtaining upward mobility. Education reformist Horace Mann once stated: “education, then, beyond all other devices of human origin, is the great equalizer of the conditions, -- the balance-wheel of the social machinery.” -------(distinguish education and schooling- somehow) However, has education system only been set in place to meet the needs of industrialism? In this day in age, people students are attending schools in order to someday be employed in order to live a comfortable life. Public schools are teaching students in a manner where creativity and critical thinking are being denounced. Instead, the main goal is producing high standardized test scores. Students are being taught to equate the notion of becoming successful as a product of schooling (Gatto, 150).