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It has been argued that high rates of education are essential for countries t
It has been argued that high rates of education are essential for countries t
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2023-12-28
42
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It has been argued that high rates of education are essential for countries to be able to achieve high levels of economic growth. Empirical analyses tend to support the theoretical 【L1】______ that poor countries should grow faster than rich countries because they can 【L2】______cutting edge technologies already 【L3】______ by rich countries. However, 【L4】______requires knowledgeable managers and engineers who are able to operate new machines or 【L5】______ borrowed from the leader in order to 【L6】______ through 【L7】______. Therefore, a country’s ability to learn from the leader is a function of its stock of "human capital". Recent study of the determinants of aggregate 【L8】______ has stressed the importance of 【L9】______economic institutions and the role of 【L10】______.
At the level of the individual, there is a large literature, generally related to the work of Jacob Mincer, on how earnings are related to the schooling and other human capital. This work has 【L11】______ a large number of studies, but is also 【L12】______. The chief controversies 【L13】______how to interpret 【L14】______. Some students who have 【L15】______a high potential for learning, by testing with a high intelligence quotient, may not achieve their full 【L16】______potential, due to 【L17】______.
Economists Samuel Bowles and Herbert Gintis argued in 1976 that there was a【L18】______conflict in American schooling between the egalitarian goal of 【L19】______and the inequalities implied by the 【L20】______profitability of capitalist production on the other. [br] 【L1】
It has been argued that high rates of education are essential for countries to be able to achieve high levels of economic growth. Empirical analyses tend to support the theoretical prediction that poor countries should grow faster than rich countries because they can adopt cutting edge technologies already tried and tested by rich countries. However, technology transfer requires knowledgeable managers and engineers who are able to operate new machines or production practices borrowed from the leader in order to close the gap through imitation. Therefore, a country’s ability to learn from the leader is a function of its stock of "human capital". A recent study of the determinants of aggregate economic growth has stressed the importance of fundamental economic institutions and the role of cognitive skills.
At the level of the individual, there is a large literature, generally related to the work of Jacob Mincer, on how earnings are related to the schooling and other human capital. This work has motivated a large number of studies, but is also controversial. The chief controversies revolve around how to interpret the impact of schooling. Some students who have indicated a high potential for learning, by testing with a high intelligence quotient, may not achieve their full academic potential, due to financial difficulties.
Economists Samuel Bowles and Herbert Gintis argued in 1976 that there was a fundamental conflict in American schooling between the egalitarian goal of democratic participation and the inequalities implied by the continued profitability of capitalist production on the other.
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