Investment in Education Essay Example | Topics and Well Written Essays - 2500 words

Investment in Education - Essay Example The development of science and technology also plays a vital role in defining the infrastructural growth of a country. Science and Technology growth help to achieve the national goals such as increasing employment opportunities, raising standard of living, reduction in poverty level, improving literacy rate, protecting the environment, strengthening the bargaining powers. Education, research and technology works as instruments for accelerating development and determinant of net income of the country. Thus they should receive special attention in national planning. It is evident that capitalizing on investments in science and technology is a vital for every nation. Country should keep on updating their strategies regarding R&D. The science and educational policies must strive for continual improvement in the institutions, and strategies that contribute to superior research and effective capitalization. Capitalization appears to be quite healthy in the United States, delivering significant benefits to the nation. Funding in scientific research is considered to be long term investment in developed nations like United States. ... What is emerging from this priority is the close association of education and economical growth. Accelerating the rate of growth and rate of productivity can basically be accomplished by stimulating and supporting scientific education in universities. Capitalization on science and technology is a major national strength, although there is much room for improvement. The United States faces long-term challenges in maintaining and enhancing our ability to capitalize. Following are some steps which can be undertaken - Government should pay close attention on long-term science and engineering research. Evaluations of the importance of capitalization should be done to seek and identify the long-term contributions of research to meeting national goals. Governments should ensure that individuals and institutions continue to contribute to capitalize research process. Universities should expand their contribution by continuously updating their policies which effect capitalization. Universities, cooperating with science and engineering societies, government, and industry, should develop required manpower and encourage student to contribute in research process. Industry, universities, and government must recognize the importance of lifelong learning for the nation's science and engineering human resources. Governments, industries, and universities should continue to experiment with partnerships A good education system is an essential component which defines country's progress. The word education contains educare (Latin) "bring up", which is related to educere "bring out", "bring forth what is within", "bring out potential" and ducere, "to lead".