FINANCING EDUCATION: A ROUTE TO THE DEVELOPMENT OF A COUNTRY

doi>10.24250/JPE/1/2020/AALMB

Abstract

Everybody knows that education is the backbone of a nation. The
countries which have realized that motto and invested a lot for a long time
for sustainable development of the education sector of the country, they are
now forerunner in innovation, world influence, employment, innovative
thinking, world-class health care service, technology, ideological influence
and even military advancement. They have diversified education
investments which have had defused the progress in all sectors. On the
contrary, there are many countries which are wealthier than many
developed countries, but for creative ideas, educational advancement,
climate change and even for major decisions, they rely on some specific
advanced countries. These countries cannot ensure sustainable
development of their own as they rely on others. Besides, some countries
mostly depend on natural resources which are now facing constraint for
plummeting of the price of those assets due to worldwide economic
depression or the invention of alternative option. The countries which have
the best education in the world, they have more researchers and diversified
world-class education system and creativities to cope up with the changing
world circumstances. Therefore, education financing opens up a variety of
employment opportunities which leads to the reduction of the crime rate of
a country—consequently, leads to the sustainable economic development of
a nation.