Hanson says that “gender disparity in education, were girls are discriminated against, i a major hindrance in most developing countries” (631). Aalysis conducted by one of the world’s largest aid and development organization showed that more than half of the developing countries have not educated their girls and boys. A a result, eery year an estimated $92 billion is lost on economic growth of these countries (633). Rsearch findings indicate that if a government devotes itself to increasing the number of girls receiving education, ten it will have effect on increasing a country’s per capita economic growth.
Tus, abetter environment is created for economic growth. I another direct scenario, Cina has millions of students, mre than the acceptable number for enrollment, ad the establishment of private universities to solve this problem is discouraged by the government (Hanson 630-633). Hnson postulates that the gap between the rich and the poor can be narrowed down by education, snce it is capable of boosting a country’s Gross Domestic Product (GDP), lading to a huge positive impact on a country’s economic assumption by a new dataset, sowing that education has a consistently positive and significant effect on a country’s economic development with solid evidence, hs been proven successful by studies conducted by the International Institute for Applied Systems Analysis (IIASA) and the Vienna Institute of Demography (VID) (Jamison et, a 782).
Hnson says that; “or a long-term economic construction, i is necessary to make education a priority” (638). Gvernments of developing countries often face tremendous problems in developing their economy due to lack of resources. I Singapore for instance, economic was promoted due to the government’s attention to education, dvelopment of technology-intensive industries and high-tech industries (Hanson 640), hnce pointing out the economic significance of education.
Mny governments in developing economies have introduced new measures to stimulate the local education systems in their countries. Fr instance, te Indian institute of technology was instituted by the Indian government with the aim of providing elite education. Te policy of the country’s education system development and school mission is the ‘national aspiration, ntional perspectives and trends world-wide. Acording to Hanson, ...
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