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Miniresearch Final
Miniresearch Final
MINI RESEARCH
EDUCATION
IN
ECONOMIC DEVELOPMENT
BY
FACTOR, JAYZAMEN
GALICIA, CRYSTAL KAYE
GAPOY, LORIEDEL
GONZALES, CIELO MAE
GRINO, MARY ROSE
GUERERO, ARABELLA
I. INTRODUCTION
Everyone has the right to education. The objectives of education include
the full development and dignity of each person, the ability to participate
effectively in society, and the strengthening of respect for human rights.
Education helps individuals fulfill and apply their abilities and talents. It
increases productivity, improves health and nutrition, and reduces family
size. Schooling presents specific knowledge, develops general reasoning
skills, causes values to change, increases receptivity to new ideas, and
changes attitudes toward work and society. But our major interest is in its
effect on reducing poverty and increasing income. According to one
definition, educational development is "broader than faculty development
in that it comprises instructional, curriculum, organizational, and certain
faculty development features." The phrase was more specific in another
sense because it concentrated on the teaching field rather than all facets
of academic career development.
II. DISCUSSION
The Philippines is one of the countries that has been investing more in its
educational system, seeing it as an instrument for accelerating the
country’s human capital development. This is reflected in the Philippine
Development Plan 2017–2022, which states that the government intends
to "achieve quality, accessible, relevant, and liberating basic education for
all," as well as "improve the quality of higher and technical education and
research for equity and global competitiveness." However, there is always
a hindrance to achieving a quality education. Challenges to education
development in the region include a lack of good learning materials and
facilities, and relevant curricula. Addressing these challenges will be
crucial to achieving Sustainable Development Goal No. 4—ensuring
inclusive and quality education and promoting lifelong learning
opportunities for all.
Globalization of education
Poverty
Lack of infrastructures/Schools
Education can transform the raw human beings into productive 'human
capital' by inculcating the skills required by both the traditional sector and
the modern sector of the economy, and makes the individuals more
productive not only in the market place but also in the household.
Education, including both technical training and general education,
contributes to economic growth through its ability to increase the
productivity of the population or the labor force in particular, which leads to
increase in individuals' earnings. The core of the human capital theory lies
in this study that education increases productivity of the labor force
leading to increase in economic growth.
III. CONCLUSION