Investment higher education important investment anticipating a national return.This relevant tool promoting economy eradicating poverty world. However, a huge problem taking consideration, inequality barriers colleges universities admission-based social demographic background.
Investments in Higher Education
The economic situation of most countries is in decline as a result of several environmental factors. The level of poverty is numerous countries has become a problem for these countries, but also for richer countries that must invest in helping poor regions in the world to improve their situation. The number of people living under subsistence levels is increasing, which means that something must be done in order to redress the situation.
The answer to the problem of promoting economy and eradicating poverty seems to be higher education. Whenever state governments present their long-term strategy for economic development, they consider investments in higher education the most important tool that can provide a national return. In other words, they consider higher education the strategy that determines economic development.
This is because individuals with higher education get better paid jobs. This means that their income increases, and so does their spending power. By purchasing more things, they help develop more companies. This means that more jobs are created. The state budget also benefits from higher levels of incomes from taxes paid by these companies and people. The unemployment levels reduce, the average salary can increase, and all these with the help of higher education.
However, the solution is not as simple as it sounds. This is because a reduced number of individuals have access to higher education. It seems that the current number of people that benefit from higher education is not nearly enough in order to improve the economic situation in most countries. The inequality and barriers in the admission on colleges and universities determines this reduced number of people that have access to higher education. Basically, these barriers are represented by the social and demographic background of most applicants.
In other words, these taxes of these colleges and universities are too high for them to afford. Some of them benefit from scholarships that are usually granted for sports merits. It is important to understand how the situation can be improved in order to allow a larger number of people to benefit from higher education.
Literature Review
The issue of investments in higher education as a strategy intended to improve economy, and the barriers to this system are largely address by numerous works. The American Sociological Review in 2009 has published a work of Sigal Alon of the Tel Aviv University in which the author addresses the evolution of class inequality in higher education, focusing on competition, exclusion, and adaptation. The study provides important information on how the education system significantly intensifies competition in higher education. This seems to be a good thing, because the best of students have access to higher education, However, this is not a good thing on medium term and on long-term. This is because only a small number of people become students in higher education systems. This small number of people is not enough in order to make a difference in improving national economies, and reducing the poverty level in the world.
The study also reflects how a large number of applicants are excluded from colleges and universities admissions because of their social status that does not allow them to support the costs of higher education (Alon, 2003). Some of these people can have the intellectual capacity to challenge other students, but do not have the chance to do so because they cannot afford higher education, and they cannot benefit from scholarships.
This is where the government should try to improve the situation. This is where investments in higher education are necessary. Governments should attribute some of their budget to increasing the number of admission seats that underprivileged individuals can benefit from through scholarships. However, this investment's results will not be observed on short-term. This is what makes it difficult for most people to understand that investments in higher education determine economic development.
When addressing economic development, most people want to see result fast. This objective cannot be reached with investments in higher education. But the results of these investments are durable, and provide higher national returns on long-term in comparison with other investments that provide faster results but that are not as durable.
The inequalities regarding higher education are found in the U.S., but can also be found in India. In this country, social differences...
Higher Education Investment in Higher Education The literacy rate is one of the important indicators of a developed country hence governments focus on enhancing its infrastructure. There are many challenges to promote higher education as demographic and social factors act as barriers to admission for many candidates. The effect of these factors should be explored so that the negative outcomes can be controlled. Investment in Higher Education Formal education system is considered as one
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