Education is an important factor in the development of a nation. It provides individuals with the knowledge and skills needed to contribute to society and the economy. However, it is not the only factor that contributes to a nation’s success. Other factors such as political stability, economic policies, and natural resources also play a role.

Am in agreement with your statements Muhammad Rashid in the header of this query. From an economic point of view, it is however important to recognize that the power structure of a nation (mainly the interplay of private accumulated wealth and political influence) decides about the educational agenda of a nation, i.e. the philosophical ethics of the national leadership is the key to open the door of a learning agenda that pays for the future generations.

The Solow residual should be mentioned here:

The Solow residual is the portion of an economy's output growth that cannot be attributed to the accumulation of capital and labor, the factors of production. The Solow residual represents output growth that happens beyond the simple growth of inputs.

https://www.investopedia.com/terms/s/solow-residual.asp#:~:text=The%20Solow%20residual%20is%20the,the%20simple%20growth%20of%20inputs.

Conclusion: The TFP (total factor productivity) of a nation is based on learning processes that create value, i.e. economic processes and progress cannot be understood and managed, if the learning agenda is not permanently updated In a given nation.

In a world of change, the learners shall inherit the earth, while the learned shall find themselves perfectly suited for a world that no longer exists.

Eric Hoffer

Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.

Ludwig von Mises (1985). “Theory and History”, p.263, Ludwig von Mises Institute

The whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.

Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.45, VM eBooks

Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.

Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.243, Ludwig von Mises Institute

Dear Dr. Chuck A Arize

Thanks a lot for your fruitful comments.

Best Regards,

Respectable Stephen I. Ternyik

Your comprehensive interpretation is outstanding.

Thanks for your precious time here.

Regards,

Education is the key, dear Muhammad Rashid , especially if we are not born with a golden spoon in our mouth. The rest, even inherited capital and land, is only commentary.

Matthew 19:30 But many that are first shall be last.

Dear Dr. Stephen I. Ternyik

Thank you very much for your nice words.

Regards,

M. Rashid

Muhammad Rashid

What an interesting question. I agree with the RG members above.

When you look at the history of a country - I live in England - the progression of the country seemed to go hand-in-hand with improvements in education.

This is quite interesting:

https://ourworldindata.org/global-education

Dear Mary C R Wilson

Thanks a lot for your precious reply here.

Best Regards,

M. Rashid

Dear Doctor

Vision Statement of the Secretary-General on Transforming Education "Education is a fundamental human right. It has long held a special place in the hearts and minds of people across the world, and for good reason. Throughout history, it has been a source of personal dignity and empowerment and a driving force for the advancement of social, economic, political, and cultural development. Yet today, beset by inequalities and struggling to adjust to the needs of the 21st century, education is in crisis. The impacts of this crisis play out over time and often go unseen. But they are profound and will be felt for decades to come. If we are to transform our world by 2030 as envisaged by the Sustainable Development Goals, then the international community must give this crisis the attention it deserves. We must respond decisively, with conviction, imagination, and in solidarity to transform education. Informed by an extensive and inclusive preparatory process, we offer this Vision Statement to Member States and the global public to support our joint efforts towards that transformation, to contribute to the upcoming Summit of the Future, and as a manifesto for collective action."

Dear Dr. Sundus F Hantoosh and Dr. António José Rodrigues Rebelo

Thank you so much for your precious comments.

Best Regards,

M. Rashid

Dear Doctor

Go To

THE ROLE OF EDUCATION IN NATIONAL DEVELOPMENT: NIGERIAN EXPERIENCE

Dr. Kingdom, E. Orji Maekae, Job

European Scientific Journal October 2013 edition vol.9, No.28 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431

"Education is a crucial sector in any nation. Being a major investment in human capital development, it plays a critical role in long-term productivity and growth at both micro and macro levels.

The implication of the declining quality of education at all levels has far reaching negative impact on a nation’s moral, civic, cultural and economic sustainability.

Education is exclusively used for the development of human beings in the cognitive, affective, psychomotor and psychoproductive domains. It also involves a desirable approach in human behaviour through the process of teaching and learning.Fafunwa (1974) defines education as what each generation gives to its younger ones which makes them develop attitudes, abilities, skills and other behaviours which are the positive values to the society in which they live."

Dear Dr. Sundus F Hantoosh

Thanks for your direction.

Best Regards,

M. Rashid

Dear Doctor

Education kills blue believes and paint a blooming righteous image for the nation while ignorance slays morals and virtuous ethics of the nation.

Am in agreement with your statements

"Education is the backbone of a nation" is a popular saying that highlights the vital role of education in the development and progress of a society. Here are a few reasons why education is often referred to as the backbone of a nation, Human Capital Development: Education equips individuals with the knowledge, skills, and abilities necessary to contribute effectively to society. A well-educated population enhances a nation's workforce, innovation, and productivity. and Empowerment and Equality, Education promotes social mobility and empowers individuals to pursue their aspirations. It helps to reduce disparities by providing opportunities for people from diverse backgrounds to access education and improve their socio-economic status.