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The Contribution of Education to Economic Development

Walid Alali

MPRA Paper from University Library of Munich, Germany

Abstract: Education is a comprehensive term for academic studies and developing talents and skills. It's an essential factor in Human capital development. Human capital investment is a fundamental issue for countries to sustainable economic development achievement; furthermore, it sang the community members to grasp themselves and the surrounding circumstances and the impact of the global variants. Education improves the quality of living, benefits society; productivity and innovation; subsequently promotes entrepreneurship. Education helps the poor and improves their food intake by increasing families' incomes and spending on health and food, to raise their standard of living and make them better healthier choices.

Keywords: Economic Development, Growth, Human Capital, Labour Productivity; Poverty, Health, Human Development (search for similar items in EconPapers)
JEL-codes: A2 I2 J24 O2 O4 (search for similar items in EconPapers)
Date: 2011-09-01
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Handle: RePEc:pra:mprapa:115614