Education in developing countries Assignment Example | Topics and Well Written Essays - 750 words

Education in developing countries - Assignment ExampleThis part of investment by each firm digest defines any part of then organization labor ability and it is precise essential for the productivity of any firm. To be noted is that not the whole world population is referred to as the working population but hardly that portion that is able, allowing and working on agreed wage rate. In any developing expanse and economy work force is a necessity that is required to propel its growth. This makes human capital very essential as it is cheap and readily available in the developing countries (Becker, 1993). Q.2 Explain some of the reasons why developing countries rent not realized a greater positive development impact from their higher(prenominal)(prenominal) education programs. In this context, why should the development of a full-blooded elementary education system suffer precedence over an expansion of the university system in developing countries? Developing countries need a s olid base for elementary education because majority of the jobs are not technical. Industries are not well developed and casual works are the basis f their economy. high education though needed is for the some who are single needed to supervise the majority who only require elementally education and knowledge. Developing countries can import these few university graduates but it will cost more if they were to do the same for the unskilled human work force (Becker, 1993). Therefore, elementary education should be invested for more by these countries. Like wise collect to underdevelopment and poor governance productivity of these nations is poor and they heavily depend on imports thus their production is for lovesome materials. Q.3 In developing countries higher educational facilities have tended to expand to the point where social benefits exceed hush-hush benefits. What is the economic explanation for this? Due to poor governance and unplanned occurrences social benefits have exceeded private benefits as organizations and external investor try to compensated the void. This has diluted the gap making these organizations bend towards social benefits rather than have private motives. This has made an economic impact as there is investment in the education sphere that is very essential in the growth of any economy. Furthermore, there is direct investment that is injecting money like a shot into the economy as well as offering employment to the citizens. These institutions also pay taxes directly to the cardinal government and this helps in the management of the economy through government expenditures. Q 4.Explain how a better-educated population will also tend to be a healthier, and vice versa, that a healthier population will tend to be better educated. In this context, how can an increase in human capital lead to an increase in GDP? Why might it not lead to an increase in GDP? Educated populations will always be healthier as this adds to their knowledg e, experience and time management. Good investment options can only be made through well thought ides and these skills require education in order for them to materialize. Higher education therefore contributes to a higher GDP for the developing countries as productivity is achieved and also by them using their own citizens cutting on importation of labor. However, this may not be the case if everybody acquires higher education as majority would not fit in their job description and as introductory stated the economies