THE ROLE OF EDUCATION IN THE ECONOMIC DEVELOPMENT

Abstract

The purpose of this paper is to examine the role of education within economic development in order tohighlight the stage of knowledge (theoretically and practically) and to assess the advances in terms of scientificresearch. Examining the dynamics of scientific studies, one observes that specialized literature has beenenriched with extensive theoretical and empirical debates; most of research has evolved reference analyticalschemes essential for identifying and quantifying the impact of education on development; nevertheless, theanalysis reveals that prior research presented certain limitations that have become challenges for furtherdebates. Based on a synthesis (descriptive and critical) of the principles, stages and phases, methods, techniquesand tools of investigation and knowledge, the study suggests that we are witnessing a progress at the level ofscientific research and implicitly, an enactment of more and more complex methodologies.

Keywords

• education
• economic development
• economic growth
• developed countries
• developing countries