Education based on two readings, one from Poor Economics and one from The Elusive Quest for Growth - Assignment Example

Education and Economic Growth During 1960 to 1990, vast expansion in the educational institutions and government policies on education has been observed. Primary and secondary schools and universities enrollment have significant increased during the nineteenth century; it has been observed that, in the developing countries, the expansion of schools have significantly increased. As cited in ‘The Elusive Quest for Growth’, Easterly (2001) states that the rapid growth in the schools of developing is because of the reason international agencies claims (Banerjee and Duflo).

UNESCO’s chairman Jacques Delors state, ‘education is one of the principle means available to foster a deeper and more harmonious form of human development and thereby to reduce poverty, exclusion, ignorance, oppression and war’. This has developed consciousness of the people in the developing countries acquisition of education shall assess these people to overcome poverty. The claims that the education shall simultaneously bring social, economical and cultural prosperity has capture minds of these people, as a result there has been a rapid increase in the primary and secondary schools.

Easterly (2001), in the article highlights the adverse impacts of education with the help of different statistical information of different countries. He states that response of economic growth with the educational explosion lacks association (Easterly). According to Easterly no positive relation between economic growth and the growth in schooling has been observed this is because of the reason of rapid growth in human capital (Easterly). Due to the massive expansion of the education there has been a significant decline in the growth of output per workers during 1980’s.

The study highlights that the initial schooling has a positive result on the productivity growth, whereas the countries with the high initial human capital can grow faster through indirect effect of human capital on the growth productivity (Banerjee and Duflo). In addition, the growth rate of countries has been associated with the human capital growth; the studies show that the key of the development is based on the capital growth and physical capital contribution. This eventually decreases young workers as they are engaged with their studies.

On the other hand, the wages increase with the experiences due to which it lowers human capital. The studies of Easterly and Banerjee and Duflo it can be determined that growth in the schooling is not the only factor to influence economic growth, whereas, the study highlights that the curriculum and teaching patterns in the school should be designed for regular students rather than emphasizing elite (Banerjee and Duflo). In addition, the syllabus designed in the private schools is way better than other schools; much of the children that are enrolled in ordinary schools have poor output.

This shows that most of the schools systems are unfair and wasteful due to which much of the students drop out at early ages (Banerjee and Duflo). According to Banerjee and Duflo, the educational system can be a tool in the economic growth if the educational system is incorporated with the message to scale down the expectations, emphasizing on the competencies, appointing better teacher staff and using technology to complement (Banerjee and Duflo). Works CitedBanerjee, Abhijeet and Eshter Duflo.

"A radical Rethinking of the way to fight global poverty." Poor Economics (2001): 12-19. Print.Easterly, William. The Elusive Quest for Growthq. London: Cambridge Press, 2001. Print.