Role of Education in Economic Development of Pakistan

Abstract

Education is considered to play a key role in the economic development of any country because, it is the mechanism through which knowledge, skills and experience regarding different fields can be acquired and ultimately creating the comparative advantage for the country. Hence, the researcher of the study decided to investigate the role of education through the research scholarship in terms of human capital, labor productivity, family, national trade and social equality in order to find out their contribution in the economic development of Pakistan. Hence, the researcher while delving into the matter amazingly found that human capital through the accumulation of new knowledge, ideas and technological know-how, labor productivity enhancement through the effective and efficient human resource, trade openness policy through tariff reforms in order to increase export, the key role of family, as the individuals make decisions at that level, creating social equality through re-distributive policies, all can play their contributory role in the economic development of Pakistan.

Keywords: Economic Development, Pakistan, Education

DOI: 10.7176/JESD/10-10-18

Publication date:May 31^st 2019