Education and its Contribution to the Development of a Country

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Education and its Contribution to the Development of a Country

Education is defined as the process of gathering information of a certain topic or field. Therefore education is essential to get a person’s life moving in the right direction in their career goals. In many countries around the world, the countries themselves are very poor and undeveloped, and there are many reasons to why those countries could never really get started or get moving in the right direction. Some factors that contribute to a countries state; along with education, are political factors, the natural environment, economic activity, and debt, however it the process of development all starts with the country's people and their education opportunities. Although there are many elements that play a role in the development of a country, the most important factor is the the access to a suitable and appropriate education.

The foundation for a country is the people and how well they are educated, and there are many economic benefits, both personally and collectively, to how well they are educated. One benefit of a good education is that a person is more likely to be ready for and be a better fit for a job, and with a job this person makes money and it affects them, in being able to support themselves but it also increases the GDP, or the gross domestic product, which is just how much an average person makes in one year. In an analysis on the impact of education on economic growth, it is shown that the more time spent in school the more the GDP goes up, for every extra year of school, by 0.37 percent (Hanushek 3). This may not seem more profitable for people, however it is a significant amount, considering what the economy has experienced worldwide since Worl...

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