INVESTMENT IN HIGHER EDUCATION AND ECONOMIC DEVELOPMENT IN EAST ASIA

Thi Hoai Trinh Nguyen and Claudiu Cicea

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2020, vol. 14, issue 1, 421-435

Abstract: Purpose: This article focuses on summarizing research on the relationship between investment in higher education and economic development in several East Asian countries, namely China and South Korea, whose characteristics and conditions are similar to Vietnam. The studies show that higher education plays an essential role in a country's economic development. For Vietnam, the studies also show that higher education is the driving force for economic growth; higher education contributes to income growth; higher education is a development factor. Therefore, this paper concludes: investment in higher education is an investment for economic development. At the same time, the article draws lessons learned from East Asian countries, which can be applied to Vietnam to increase the efficiency of higher education investment and promote economic development. Design/ methodology/approach: literature review

Keywords: economic development; higher education; investment; Vietnam (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:14:y:2020:i:1:p:421-435

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