Reasons for the Education Formation of Long-Term Investments

First, education is an economic development tool and not just economic growth. In practice, the teaching of modern management, one of the five functions of the creation of technical and economic characteristics of both the individual level in the world. Techno-economic function refers to the contribution of education to economic development. For example, education can help students acquire the knowledge and skills necessary to live and compete in a competitive economy.

Trained staff is to be the main asset of national development, particularly for economic development. Be trained more and more easily from one country to build their nation. That is because they have mastered the skills, science and technology human resources for the government to move more easily into the national development strategies.

Second, the investment in education in order to return value to offer more than physical investments in other areas. The return value of education is the relationship between the total costs of education of total revenues received funding for a step to enter the world of work. In developing countries generally show the value of the return on investment in education is relatively higher than investment in physical capital by 20% against 15%. In the meantime, in developed countries, the return on investment in education is less than investment in physical capital is 9% compared to 13%. This may explain that a number of highly qualified and experienced skilled workers in developing countries are relatively limited in number, compared with the requirement of higher wages and the return value of education is also high.

Third, investment in education many functions in addition to technical and economic characteristics of the social and humanitarian, political functions, cultural events, and educational. Social and humanitarian function refers to the contribution of education to human development and social relations at various levels of social groups. For example, at the individual level of education allows students to grow emotionally, socially, physically, and help students develop their full potential as far as possible.

The public also apply to the general opinion that the social status and better educated in the best communities for people who have been educated more than the less educated. Educated people are expected to use their thoughts are focused on long-term interests. Educated people are not inclined orientation of the material / have money to enrich themselves in the first place.

Comments are closed.


Tell Education,Tech & Life | Back to top

Copyright © 2012. All Rights Reserved.