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The Determinant Power of Education on Economic Development Essay Example

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The Determinant Power of Education on Economic Development

The paper tells that in recent years, the degree and extent to which manufacturing has continued to define the American landscape of economics has decreased. Within such an understanding, the authors point to the fact that they need and a requirement for specialized training and trade schools that can provide manufacturing expertise and hands-on experience has been greatly reduced. As these jobs have slowly but definitively moved overseas, and outside of the space of US production, the demand for specialized education, at least in terms of manufacturing, is almost a figment of the past. Another piece of literature that was reviewed in terms of the overall interrelationship between education and economic development had to do with Hordern’s analysis entitled “Workforce Development, Higher Education, And Productive Systems”. Within this article, the author indicates the fact that the fastest-growing states within the United States, at least in terms of economic development, do not heavily rely on a skilled workforce. Instead, they rely upon raw material extraction and primary production that neither leverages an education and a service-oriented economy nor a requirement for education in terms of manufacturing. This dynamic shift is one that is proven by Hordern within a variety of factors. Whereas there are of course flaws and unique drawbacks in terms of the interpretation that Hordern provides, the article itself provides a relevant baseline of understanding in terms of how economic changes as somewhat shifted the landscape of expectation in terms of education and its overall impact on economic development. A further piece of research that was read as a means of informing this particular literature review is that of Gordon’s article entitled “Does Economic Growth Require Career and Technical Education?” Within this particular article, the author references the different regions and states within the United States which have spent a disproportionately large portion of their budget as a means of seeking to provide secondary and postsecondary education in terms of specific trades and marketable economic skills.

Works Cited

Benos, Nikos, and Stefania Zotou. "Education And Economic Growth: A Meta-Regression Analysis." World Development 64.(2014): 669-689. Academic Search Complete. Web. 31 Oct. 2014.

Gordon, Edward E. "Does Economic Growth Require Career and Technical Education?" Techniques: Connecting Education & Careers 89.4 (2014): 42-45. Academic Search Complete. Web. 31 Oct. 2014.

Hordern, Jim. "Workforce Development, Higher Education And Productive Systems." Journal Of Education & Work 27.4 (2014): 409-431. Academic Search Complete. Web. 31 Oct. 2014.

Singh, Sucheta, and Oliver Hensel. "Impact Of Extension Education On Improving Knowledge Of Sustainable Technical Agricultural Practices." Agricultural Engineering International: CIGR Journal 16.1 (2014): 198-206. Academic Search Complete. Web. 31 Oct. 2014.

preview essay on The Determinant Power of Education on Economic Development
  • Pages: 7 (1750 words)
  • Document Type: Term Paper
  • Subject: Management
  • Level: Undergraduate
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