The Economic Foundation of Education: The Relationship Between Education and Economic Development
Abstract
This study aims to examine the economic foundations of education and the relationship between education and economic development. Education is viewed as an investment with economic value because it can improve the quality of human resources by enhancing individual knowledge, skills, and productivity. The method used is a qualitative approach with a literature review of various relevant scientific sources. The study results indicate that education plays a strategic role in driving economic growth by improving workforce quality, fostering innovation, entrepreneurship, and reducing poverty and social inequality. However, various challenges in its implementation exist, such as limited access to education, high education costs, quality gaps, and low utilization of technology. Therefore, a comprehensive policy is needed to improve the quality and equity of education to support sustainable economic development.
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DOI: https://doi.org/10.62086/al-murabbi.v4i2.1308
DOI (PDF): https://doi.org/10.62086/al-murabbi.v4i2.1308.g437
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