Policy, Law, Economics and Politics - Deepening Democracy through Access to Information
This privately-owned website is operated and maintained by Creamer Media
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
22 October 2014
 

 

Africa Institute of South Africa – Development through knowledge
Celebrating South Africa China Diplomatic Relations at 15 Years

 

 
 
   
 
 
 
Embed Code Close
content
 
  Photos
 
 
 
 
 
 
 
 
 
Advertisements:
 
 
 
 
 
 
 
 
 
 
 
 
 
DOWNLOAD
 

According to Holborn, education is a prerequisite, for the country’s development and a better Africa in 2050.1 A better educated and more highly skilled workforce is the most pressing long-term priority for the economy.  The relationship between economic growth and education has been one of the central threads of economic analysis. Both Adam Smith in the 18th century and Alfred Marshall in the 19th century, two important figures for the economics profession, addressed the question of how individual investments in “education” influence the wealth of nations.  Even Maes says, education is the best way to boost your sluggish economy and curb unemployment.2 Economics and education expert George Psacharopoulus points out that there is a connection between additional investment in primary and secondary education and private wage returns.  He states that a full 17, 2% of the economic growth rate in Africa is explained by education.  Although investment in primary and secondary education is a near-certain positive investment in economic and human development.

Download the full article above

Written by Funeka Yazini April, Research Specialist: Democracy and Governance
And Ndileka Ngonxeka
Africa Institute of South Africa

Edited by: Creamer Media Reporter
 
Comment Guidelines (150 word limit)
 
Readers Comments
 
 
 
  Topics on this page
 
 
 
 
 
 
 
 
Africa-International Communications
 
The South African Civil Society Information Service
 
 
Economic Development Partnership
 
SOUTH AFRICAN INSTITUTE OF INTERNATIONAL AFFAIRS
 
 
The South African Civil Society Information Service
 
SOUTH AFRICAN INSTITUTE OF INTERNATIONAL AFFAIRS
 
 
 
 
 
 
Online Publishers Association