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THE ROLE OF EDUCATION IN ECONOMIC DEVELOPMENT

Munich Personal RePEc ArchiveThe role of EDUCATION in economicdevelopment: a theoretical perspectiveOzturk, Ilhan2001 Online Paper No. 9023, posted 08 Jun 2008 11:31 UTCJ ournal of Rural DEVELOPMENT and Administration, Volume XXXIII, No. 1, Winter 2001, pp. 39-47. 1 THE ROLE OF EDUCATION IN ECONOMIC DEVELOPMENT : A theoretical perspective Ilhan OZTURK1 ABSTRACT EDUCATION in every sense is one of the fundamental factors of DEVELOPMENT . No country can achieve sustainable ECONOMIC DEVELOPMENT without substantial investment in human capital. EDUCATION enriches people s understanding of themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society. EDUCATION raises people s productivity and creativity and promotes entrepreneurship and technological advances.

A THEORETICAL PERSPECTIVE Ilhan OZTURK1 ABSTRACT Education in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. Education enriches people’s understanding of themselves and world. It improves the quality

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