Investment and Education

Question: Discuss about the Report for Investment and Education. Answer: Topic: Investment in Education is the most important investment a developing country can make Background: Education has long been an integral part that has helped in the development of the society. Investing in the education system of a country will ultimately lead to the development of the country. Outline: Education provides development in the knowledge and skills of an individual. Attending various levels of education system like high school, college and University prepares an individual to become professional. Effort from professional front contributes to the development of the country. Thesis: Investment in education can lead to development of a country. 1. Social issue: Argument: Counter argument: Refutation: Salgr, (2013) commented that education has made peasants into Frenchmen; Education has made Subject into Citizen. Social equality is more important than economic equality. Thus, it is evident that education has lead to social and economic equality. Several studies have suggested that education is the only means of increasing diversity and cosmopolitanism that ultimately leads to tolerance and less suspicion of the education. An individual becomes open-minded that ultimately creates a trust towards others in the society (Maurer, 2011). It has been further argued that free education that started in the 19th Century in the Western Countries has lead to the growth of the identification of the Nation States (Kruss et al., 2015). With major empirical researches, it has been found that the trust of people on each other has increased in countries like UK, Germany, USA and that is one of the major reasons behind the success of these Nations. Further, Kruss et al. (2015) added that when people are educated, they can easily represent themselves in other countries as well. An educated person does not find is difficult to cope with economical or societal situation of other countries. Education helps to create a good bonding among the people and there remains a better chance that the relationship with people will become better. Therefore, there is no doubt that education helps directly or indirectly in the development of a nation. Another important point that has been raised as a part of the importance of education for a Nation State is that in the recent scenario, majority of the Nation State has become democratic and the people of the nation has got the power to select the right representative for their country. Being educated helps a person to decide whom they should vote and help them to decide between two parties. The importance of voting cannot be neglected at any case (Krzyminiewska, 2012). Apart from the voting factor, education also helps an individual to get job. Every company wants qualified and well educated employees for their company. It is only when the person is educated the company decides to hire the particular person for the particular company. Chabbott, (2013) has pointed out that in lieu of getting degrees to show people that an individual is well educated, some people take the support of fake degrees from private Universities and Colleges. This way, an individual surely gets a degree but the value of the degree does not holds the same importance (Rist, 2016). In addition to this, these scams are followed by huge monetary transaction that ultimately results in corruption in the particular country. These scenarios for obvious reasons do not support any kind of development of the particular nation or country. There have been lots of discussions made on the fact that education helps in the development of a country. There have been more evidences on the fact that education has provided the opportunity to open up the horizon to the people of a Nation to think about their own country. There is no doubt that increasing trust among the people will help the Nation as a whole to make improvement (Petersen et al., 2016). Increasing corruption and mal practices as a result of gaining better acknowledgement in the field of education is changing the social condition of the Nation. In order to overcome these negative impacts, a thorough check and regulation on the education system needs to be kept under consideration. 2. Economic issue: Argument: Counter argument: Refutation: Reading Charron et al. (2016), it has been found that in the contemporary competitive world, it has become important for an individual to have certain specific skills to compete with the world and that shall help in the progress of an individual as well. Charron et al. (2016) has referred education as the specific skills needed for the development of the country. In addition to this, it has also been pointed that education not only helps in improving specific skill of a person but education is equally import in shaping the economical and societal condition of the country. When investment is made on the educational system of a country, the citizens of the country also find it evident to contribute towards the nation or the society. People feel the necessity of contributing towards the development of the nation. With proper education, people become aware about their rights and duties that they have as a citizen of the country (Arthur, Hisrichb Cabrera, 2012). Therefore, a kind of rationalism takes birth that ultimately helps the person to find ways to reform against any oppressive situation. In the contemporary situation, power should rest on the citizens of the country rather than the bureaucrats and higher official people. It is only possible when the people are educated enough to understand the difference between the right and the wrong. Coleman, (2015) suggested that development of a country depends on the economical standard of the country. Economy of a country increases with increasing per capital income. This is possible when people of the particular country get better opportunity of earning. Therefore, an industrially developed nation provides better opportunities to the people of the country to earn money. This is a better way for the development of the country (Majhanovich Geo-JaJa, 2013). Therefore, if the government of the country focuses more on the industrial development rather than educational standard of the people, then there remained better possibilities for the country to develop or prosper. Proper investments should be made in every individual sector including the educational sector that calls for the overall development of a country (Arends, 2014). There have been many times when arguments have been made to increase the investment on the education sector of the particular country. It is because, it is evident that there is no doubt that investment in the educational sector would not go into vain and it will ultimately result in the overall development of the country and its people (Fgerlind Saha, 2014). The governmental guidelines and rules and regulations needs to keep checked for the sake of improving the educational system of a particular nation. There is a reason behind the development of the major developed Nations because the government of the country focuses equally on the education system of the nation along with the other sectors like defense or security or industrial development (Myezwa, McConkey Mariga, 2014). Summary and Thesis: The essay focuses on the factors that highlight the importance of education in the dev elopement of a country. There have been many arguments made for the topic that supports the fact that education is indeed important for the overall improvement of the country. However, there have been many instances when it has been observed that for fighting with the situation of gaining the value of education, many people are getting redirected towards getting educational degree by the means of illegal activities. It is for the same reason, the overall reputation of the country decreases. Thus, it is evident that proper regulation and check on the educational system shall help to improve the condition of the country as a whole. Reference list: Arends, R. (2014).Learning to teach. McGraw-Hill Higher Education. Arthur, S. J., Hisrich, R. D., Cabrera, . (2012). The importance of education in the entrepreneurial process: A world view.Journal of Small Business and Enterprise Development,19(3), 500-514. Chabbott, C. (2013).Constructing education for development: International organizations and education for all. Routledge. Charron, N., Rothstein, B., Faculty of Social Sciences, University of Gothenburg, Gteborgs universitet, Department of Political Science, . . . Quality of Government Institute (QoG). (2016). Does education lead to higher generalized trust? the importance of quality of government.International Journal of Educational Development,50, 59-73. Coleman, J. S. (2015).Education and Political Development.(SPD-4)(Vol. 4). Princeton University Press. Fgerlind, I., Saha, L. J. (2014).Education and national development: A comparative perspective. Elsevier. Kruss, G., McGrath, S., Petersen, I., Gastrow, M. (2015). Higher education and economic development: The importance of building technological capabilities.International Journal of Educational Development,43, 22-31. Krzyminiewska, G. (2012). Social development of social country area versus economic education of young generation.Journal of Agribusiness and Rural Development,2(24), 151-158. Majhanovich, S., Geo-JaJa, M. A. 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