StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Impact of an Education on the Economy of the States - Essay Example

Cite this document
Summary
The author of the essay proves a great impact of an education on the economy of the states as an education in many countries paved the way for innovation in various sectors. Innovation in research, training, and different areas is inclined to improve by having good and quality education…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Impact of an Education on the Economy of the States
Read Text Preview

Extract of sample "Impact of an Education on the Economy of the States"

 Education is a fundamental factor in any countries development. Through education, a country can develop both in technology and in innovations. It is hard for a country to achieve sustainable economic development without investment in education to come up with an educated populace. The role of education in the society is to enrich people's understanding of factors like innovations and technology. Education is the central pillar for productivity, creativity, and technological advances in a country (Bourguignon, Elkana and Pleskovic 12).

A country with high number of educated populace can secure its economy, social progress and improve its income distribution. Economists measure the prosperity of a country depending on the number of educated populace because success is dependent on the education of a state. The educated populace in a country sets the pace for development that students who are still in schools need to follow. They set standards that students should meet so that the state obtains a high-quality education. Through this, most state result to have a productive population.

This is evident in countries that are economic power yet they lack natural resources like gold, copper, or oil. The educated populaces in a state act as trendsetters in developing skills and knowledge through educating the rest of the population on the importance of education. This is evident in recent days because it has seen an expansion of sectors concerned with education. The number of schools and universities has significantly increased due to the influence of the educated populace. The educated peoples act as teachers and lecturers in classes that deal with technology advances.

Education is possible to contribute to technology change and capabilities in countries industry. From a study, it was clear that educational level and skills of workers relates to the rate of technical change of a firm in a positive way. It will encourage an increase in education level and prosperity of a country (Bourguignon, Elkana and Pleskovic 21). Education in many countries has paved the way for innovation in various sectors. Innovation in research, training, and different areas is inclined to improve by having good and quality education.

It will persuade many people to pursue an education in many countries. Innovation in health, agriculture, and the technological sector has encouraged students to continue their ambitions to become productive people in the society driven by their interest in having a prosperous country. Innovations have brought positive effects on farmers due to the adoption of a modern method of farming and technology. There is an improvement of nutrition and health for the society encouraging education level to rise.

Education has led to the innovation of unique and sustainable marketing and business ideas that are different. New business ideas act as a pillar of the prosperity of the country. Innovation is encouraged by the educated populace to improve various sectors in our country. Right from the lower level of education, teachers encourage students to come up with new ideas or ideas of developing activities in firms. Therefore, students are encouraged to keep on reading. Works CitedBourguignon, François, Yehuda Elkana, and Boris Pleskovic.

Capacity Building In Economics Education And Research. Washington, D.C.: World Bank, 2007. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Impact of an Education on the Economy of the States Essay”, n.d.)
Impact of an Education on the Economy of the States Essay. Retrieved from https://studentshare.org/business/1696227-writer-makes-title
(Impact of an Education on the Economy of the States Essay)
Impact of an Education on the Economy of the States Essay. https://studentshare.org/business/1696227-writer-makes-title.
“Impact of an Education on the Economy of the States Essay”, n.d. https://studentshare.org/business/1696227-writer-makes-title.
  • Cited: 0 times

CHECK THESE SAMPLES OF Impact of an Education on the Economy of the States

Illegal immigration and its impact on the economy

Illegal immigration has had considerable impacts on the economy of the United States.... At the centre of this debate is the question of whether illegal immigrants are good or bad to the economy of the United States (Dudley 18).... Date Illegal Immigration and Its Impact on the economy Introduction Throughout the history of independent United States, the country has attracted immigrants from different parts of the world.... This paper will discuss illegal immigration and its impact on the economy....
5 Pages (1250 words) Essay

The Effect of Education on Economics Growth

The human capital that is available at different countries has an impact on the economy of the country.... Barro (2003 p1) most of the studies that have been done on the impact of education on the economy agree that the investment in education has a great impact on the economic development of a country.... The studies have also been focused on the effect that the investment on education and the government policies have had on the economy.... Education should therefore be viewed as an investment to the economy....
7 Pages (1750 words) Literature review

The Determinant Power of Education on Economic Development

Essentially, manufacturing and the production of durable goods within the United States was a staple of economic development; even as compared to service industries or any other sector of the economy.... This essay explores the determinant power of education on economic development.... One of the first pieces of literature that were reviewed in terms of this particular focus has to do with Singh and Hensel's article entitled “Impact Of Extension education on Improving Knowledge Of Sustainable Technical Agricultural Practices”....
7 Pages (1750 words) Term Paper

The impact of automation

This study provides a deep description of the impact of automation on the global, society, and the economy. The main impact of on on the society is an increase in the mechanical power available to an individual owing to the presence of new opportunities and the decreased demand for labour.... The level of unemployment in the society in the economy increases owing to the increased use of machines in completion of tasks previously undertaken by humans.... The other impact of automation on the society is the increased productivity 100 or 1000 times per machine operator reducing the demand for skilled labour at workplaces (Johnsen, 1976)....
5 Pages (1250 words) Term Paper

Immigration Issue of the United States

The author states that immigration is a great topic under discussion for the United states.... nbsp;… Immigration is a huge topic for a debate in the United states today.... Many people migrate to the United states in order to find a better life for them and their families.... nbsp;  Immigration is a huge topic for debate in the United states today.... Many people migrate to the United states in order to find better life for them and their families....
2 Pages (500 words) Essay

Globalization Impact on Iran

This paper examines the impact of globalization on Iran, its main features, threats, and possible opportunities for further development.... As the research stresses the main reason why Iran has recently started to experience the impact of globalization is emergence of modern social networks as well as its rapid economic growth.... It is hard to properly estimate, which one of those aspects is the most significant and has the biggest impact....
6 Pages (1500 words) Essay

The American Recovery and Reinvestment Act Will Stabilize the Economy of the United States

The study, The American Recovery and Reinvestment Act Will Stabilize the economy of the US, will focus on the American Recovery and Reinvestment Act (ARRA) and the way it is expected to stabilize the economy of the United States.... These factors were affecting the economy of the US and it was necessary to improve the economy....
5 Pages (1250 words) Research Paper

The Impact of Immigration on the U.S Currently

In addition, since most of the immigrants send portions of their earnings to their home countries for consumption, this stimulates the economy of the United States by moving out of the country and spending a big portion of the earning they make.... The amount of immigrants in the United states is approximately more than a fifth of the total U.... hellip; According to the research findings, it can, therefore, be said that the continued immigration in the United states has brought up both negative and positive social, political, and economic impacts....
6 Pages (1500 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us