Pakistan
Middle East The United States stepped in, when asked, and helped Pakistan further develop their education system. Since 2008, Pakistan has seen a drastic increase in their education system as much as 177%. They have added over 44 new universities. They have increased their standard of living and gross national product (GDP). As Pakistan continues to make progress, they will see less of what is called a 'brain drain'. Brain drain is where the smartest people leave the country for education and end up staying out of country to work, instead of keeping their intellect at home it is drained into other countries. Many new teachers have been hired to work at all the universities which brings more money into the economy allowing people to spend more and increasing GDP for Pakistan. |
Albania
Europe Albania has increased their government spending in tertiary education, which is equivalent to America's college education. This is leading to businesses sending more people back to school, investing in human capital. Human capital is the moral, skills, knowledge and health of a worker and the more you invest in human capital the more efficient your worker will become. As a result, Albania has seen an increase in their GDP in recent years because more money is being spent inside their country allowing for more goods and services to be produced. Investment in tertiary education also allows for specialization of labor; this is the main key when workers become more efficient because they only have to learn and remember how to do one thing as opposed to multiple things. Workers see an increase of earning from investing more into their 'human capital' or tertiary education because they know more and became more specialized. Albania's economy has seen a drastic increase in their economy from increased tertiary education attendance and investment. |
South Africa
South Africa South Africa is really looking for fuller employment and economic prosperity. They invested more in the past few years than before and have already seen a 5.8% increase in their GDP. They have also seen a 5.2% increase in their standard of living which means more people are living better lives than a few years back. There is more money circling around the economy therefore, people have more money in their pockets and have the 'extra' or marginal income to spend on leisure items. Their economist believe in the causality between education and underdeveloped countries. You can only see a drastic change, due to education, in a developing or underdeveloped nation rather than a developed nation. For example, the United States is so developed an increase in our education budget might give teachers a little more money but not really. However, in South Africa, a large amount of extra spending going towards education can have a life changing effect on some. |