In: Economics
. Hanushek is it related with education equality and economic
growth model where the educational quality is related with the
economic growth and economic growth rate of poor countries it
analysis the achievement of education on the basis of the resources
are available.
Knowledge is an essential element of country’s development and
economic growth.
There is a direct relationship between economic growth and the
level of education to all the sectors of the society.
The most important critic is there that the educational high
quality is not always indicator of the higher economic
growth.
The big institutes and big schools never guaranteed a big
educational structure.
Every level education with the motive of literacy spread around the
country is important.
There are many economist who give their responses to this critic
and the prove that there is a weak link between resources and
student achievement in recent work.
It doesn’t mean that if resources are not available then students
are not able to achieve the desired result the good education is
also depend on the good mentor and good teacher of the
society.
There must be a good education system at every level so that it is
more convenient for the student to enhance their skills and to make
them self available and prepare according to to the economic
requirement and need of the society.