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GDP growth starts here. I chose this article because of one of the TOK questions we had this week it brings up education. Well this article talks about how education can lead to economic growth in many different ways. It doesn't just build up one sector it affects multiple, an interview has shown that people will need more than a high school education if they want to find a suitable job. If education standards increase so do income, technology , jobs all leading to an economic growth and I feel that this is actually even better because since it creates new things there is not chance of people losing jobs so employment is not at risk and as for inflation it will increase in the short run but level off.This research was done by Wössmann.

Overwhelmingly, more economically developed nations are states with a well-educated workforce. There is a clear and strong correlation between the educational attainment of a nation's workforce and economic productivity. Nations can build a strong foundation for economic success and shared prosperity by investing in education. Nations can increase the strength of their economies and their ability to grow and attract high-wage employers by investing in education and increasing the number of well-educated workers by improving the literacy rate. Investing in education is also good for the long run, since employees with higher incomes contribute more through taxes over the course of their lifetimes. Hence it can be concluded that investing in education , will definitely boost GDP maybe not in the short run but indefinitely in the long run.

Developing economies have been trying to figure out what makes them so behind and the answer came out to be education. But education type can't be the same world wide as each place is the same and so are the focuses on the lucrative sectors ( some could be agriculture some manufacture). In one Indian village although the school had to show government they were keeping up with it's regulations they didn't have to show the parents so for five years parents would keep their kids from farm lands and let them go to school only to find out there was no change. Places like this would not benefit from education types such as that in the U.S they need one that conforms to their own styles. In Brazil another school enabled a method that the money follows the child, because if a teacher has no interest in children it doesn't matter how much you pay them the quality of education will not increase. Once the Brazilian school figured that out they were able to increase quality of education and score highest in PISA maths test 2003-2012. Economic development in education is all about quality and quantity of education; quality of the institution, teachers etc.

A study done in certain Asian countries such as Indonesia and New Guinea show that these country's economies are being prevented from developing by malnutrition. Malnutrition has shown to stunt children's brain development. When children's brain development is slowed it prevents them from receiving the education they need to get out of poverty. Inn these countries education is often needed to remove them from poverty. If malnutrition countries to be this high in these countries it can prevent them from having developed economies.

Ontario, Canada has just introduced a large investment to help indigenous communities develop. The program is aimed at improving education opportunities, supporting local businesses, and promoting local tourism and events. In all, this is aimed at improving the HDI of indigenous communities and of Canada as a whole.

This article focuses mainly on opportunity course. It's been established that opportunity cost is the cost of doing something rather than another. In this case the author focused on a student's decision to attend college and for how long. At least everyone has been through the phase where they looked at the price it costs to go to college but few go deep into things such as life, transport etc. There are others who decide to take a year off and travel; the opportunity cost in this is the education they could've been getting so they could stay on track and the money they wasted to travel which they could have used to further their studies or life needs. The author brought up a book by Laurence Kotlikoff in which he invented 4 kids and made them choose different life patterns. I felt this was smart because students can see how the choices they make now could impact their life later on. As expected the child who stayed in school to become a doctor made a lot of money, however, student loans and all other expenses leaves them with as much money as the next middle-poor man. Then again the other child who became a plumber and skipped college makes money but has no student debt. This is not to say that they are better off but it's just to clear the stereotype that the longer you stay in school the better off your life will be; there are many factors that play into it.

Canada has ranked ninth in the UN's annual Human Development Index (HDI), out of nearly 200 countries. The HDI measures health and life expectancy, access to education and standard of living.

When the discussion of "worlds greatest nation" comes up, one of the biggest primary factors is how developed a country is. Whether it's ease of access to education, salary, or overall health of a country, all are tied into a measure called the Human Development Index.