Sustainable development of low income countries through investment in tertiary education

Nobinkhor Kundu () and Asma Banu

MPRA Paper from University Library of Munich, Germany

Abstract: To counterbalance the challenges of globalization, raising the superiority of our tertiary education to global standard is very significant. Tertiary education is the essential enabler of the human capital of the twenty-first century that demands a set of new competencies. It draws lessons for developing countries where policy makers have set out procedure to build a tertiary education in which higher priorities and future strategies would form the center of the sustainable development strategy. In the case of low-income economies, which are keen to invest in tertiary levels of education but the government budget is constrained, this study recommends the formation of financing sources. In addition, it is necessary to develop an effective lifelong learning system to provide continuing higher education and skill upgrading to persons after they have left higher education in order to provide the changing skills necessary to be competitive in the new global economy. This paper analyses the importance of investment in tertiary education with low-income economies to ensure a gradual sustainable development over the years. It is apparent that Bangladesh will acquire potential gains from investment in tertiary education.

Keywords: Higher Education; Economic growth; Sustainable Development (search for similar items in EconPapers)
JEL-codes: I21 O47 Q01 (search for similar items in EconPapers)
Date: 2014-05-07, Revised 2014-07-13
New Economics Papers: this item is included in nep-cse and nep-edu
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Published in Bangladesh Arthoniti Samity Samoyiki (2014): pp. 1-14

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