Essay about Education Is Important For A Country

2030 Words Nov 29th, 2016 9 Pages
Human beings today need to have a specific set of skills to survive in this competitive world as well as progress. This set of skills can be referred to as Education. Education is important for a country to grow. Whether it is economically or socially, education plays a vital role in the growth of these two important factors.
Education has long been viewed as an important determinant of economic well-being. First, education can increase the human capital inherent in the labor force, which increases labor productivity and thus transitional growth toward a higher equilibrium level of output .Second, education can increase the innovative capacity of the economy, and the new knowledge on new technologies, products, and processes promotes growth (as in theories of endogenous growth. Third, education can facilitate the diffusion and transmission of knowledge needed to understand and process new information and to successfully implement new technologies devised by others, which again promotes economic growth. Hundreds of years ago human beings did not consider education very important, only the upper classes received a certain type of education and in many cases only men completed a career because of the discrimination of the sexes women were considered inferior and they were only put in household chores. Poor people also were not able to attend school because they did not have the money to pay them or they had to work to help their family. Many people in these times did not even…

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