Education is Key to the Development of a Country Essay

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The economic progression of a country is not measured by the literacy rate of the country or number of people who are educated. One cannot say that a country is developed and progressive only by taking account of its literacy rate. There are many other factors like peace, security and stable economy which are also responsible for economic development and progress of a country. Srilanka is a country with 91.2 % literacy rate (UNICEF). This literacy rate is highest among the other South-Asian countries but the country is still under the process of development. The economy of Srilanka is still very unstable due to domestic violence, insecurity, less trade and terrorism (mtholyoke). A country is like a multi-axle truck. It is capable of work …show more content…
The economic progression of a country is not measured by the literacy rate of the country or number of people who are educated. One cannot say that a country is developed and progressive only by taking account of its literacy rate. There are many other factors like peace, security and stable economy which are also responsible for economic development and progress of a country. Srilanka is a country with 91.2 % literacy rate (UNICEF). This literacy rate is highest among the other South-Asian countries but the country is still under the process of development. The economy of Srilanka is still very unstable due to domestic violence, insecurity, less trade and terrorism (mtholyoke). A country is like a multi-axle truck. It is capable of work only if all the tires of the truck work in synchronize manner. Similarly, a country progresses only if all the factors work together. Although education is an important factor for the economic development of a country nevertheless many other factors also contribute a major role towards the economic development of a country like economy, natural resources, peace and exports.

Economy is one of the major factors of the development of the country. Economic development of a country is mainly measured by its stable, well-organized and increasing economy. One can define the developed economy as: -

“A developed economy has a large base of productive capital, sophisticated banking systems and financial markets, a variety of industries producing a
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