What Are The Economic Arguments For And Against Increasing The Proportion Of Total Education Sector Investment That Is Spent On Primary Education In Developing Countries?

PRIMARY EDUCATION IN DEVELOPING ECONOMIESINTRODUCTIONDeveloping countries argon face up with the problem of low sparing suppuration , lofty levels of pauperism , very low GDP levels , low income per capita and sparing deliberation these backside be attributed to the high analphabetism levels . Poverty , which causes them to be poor and this , is because of the poverty vicious cycle , low bankers acceptance of science and technology in these countriesThe current stance in these countries can be changed through radical changes in the breeding system whereby economies should invest in education to reduce the illiteracy levels this will in turn increase the levels of gentleman detonating device in the countryThe education fact sheet 2006 states that the number of children who are enrolled in chief(a) education all(prenominal) over the world amount to 682 million however 77 million children all over the world are not enrolled in primary educationInvesting in primary education is a very dearly-won government undertaking it requires high levels of investment whose rate of replica to the sparing is very low , however in the abundant run investment in education will let high economic growth , this is as a consequent of returns on investment in human detonatorA Country much(prenominal) as Japan is one of the largest economies in the world , it unquestionable from a less create country to a developed prudence , and its advancement is attributed to the high levels of technological advancement as a result of extensive research .

Research and technological advancement is achieved through educationZambia on the other hand had a strong economy , after the decline in grunter prices the economy was at crisis , however the country cut passel on spending on primary schools , this resulted into the current situation in the Zambian economy , Zambia today is ranked as one of the poorest economies in the worldARGUMENT FOR PRIMARY EDUCATIONHuman capital developmentThe theory of human capital development was developed by Becker (1964 other scholars much(prenominal) as Schultz (1960 ) have supported the human capital development theory , and an increase in education levels in an economy will result into the development of human resource resulting to economic development in the long runThis theory depict that when investment in education is undertaken then this will provide skills to the state who will be capable of working in high and middle occupation opportunities in the economy these occupations in the economy will eventually lead to economic growthThis theory can also be associated with the work of classical economist who interpret that economic development can be achieved through capital accumulation , capital accumulation can be also associated with the development of human capital in the economy and accordingly investing in education will lead to economic developmentEducation and productivity and paymentMince and Schultz (1974 ) developed a model that associated education levels and earnings they developed a model that explained earnings of individuals and the time stoppage attended in school , the model depicted that the high the number of years in school then the higher(prenominal) the level of...If you want to get a full essay, severalise it on our website: Orderessay

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