Every country has failed to allocate a large portion for education, therefore those countries have faced many big problems. For example, Sri Lanka allocates less than two percent of work for education
You Kalubovitiyana Soratha Thero are right to state that education is the key to economic progress, in individual and social terms; a learning that pays will lead to earning. Therefore, educational programs should be simple, practical and accessible.
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The proper education of the young does not consist in stuffing their heads with a mass of words, sentences, and ideas dragged together out of various authors, but in opening up their understanding to the outer world, so that a living stream may flow from their own minds, just as leaves, flowers, and fruit spring from the bud on a tree.
John Amos Comenius
Yes education specifically social science education inculcating civic sense and responsibility leads to better economic outcomes of the country.
In my opinion, education should foster individual and economic development, it should serve the purpose of the community because every community has its own values and norms which is peculiar to its people.
I really understand the statement by Abdulazeez Bolanle. Education should serve a collective role of nurturing individual persons so that they can support the economic well-being of the nation. It's simply called Social Capital Theory of human development.
Economic growth comes from education but should never be education's sole purpose. Economic growth should be tempered with the well-being of all the members of the society and the sustainability of all systems within an environment. If these two are supported then economic growth will happen. However, we often see a lack of understanding that these are important and economically you end up paying far more to deal with the consequences of these.
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