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Economic Benefits of Education
It is often assumed that education has an impact on the future economic productivity of a student. This perspective focuses on the role of human capital as an economic value, in terms of a person’s contribution to a state’s economy. This entry examines the economic benefits of education that result from increased individual productivity and the enhancement of a nation’s knowledge base. It also describes the expanding presence of international students around the world, considering their contribution to the host country’s economy.
Education can be seen as increasing productivity as a result of the level of education reached or as a result of increased cognitive skills. Studies conducted by the World Bank have demonstrated that there is no direct correlation between school attainment or the quantity ...
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