This study focused on the
relationship that exists amongst the fields of education and economic growth in
Pakistan in 1980- 2014 periods. As an equivalent result with the literature
studies, the existence of a positive and significant relationship between
education and economic growth is evident. It can be concluded from the results
of both secondary and primary education that a more significant role is played
by secondary education for promoting economic growth.
More resource allocations on
education especially on higher education will have important contributions to
the economic growth process of Pakistan and will yield a positive impact on Pakistan’s
economy by increasing the chances of production of knowledge as well as the
sharing and manufacturing process of universities.
Pakistan has serious potential for
strategic endowments and development. It is situated at the intersection of
South Asia, Central Asia, China and the Middle East and is therefore at the
fulcrum of a regional market with a vast population, large and diverse
resources, and untapped potential for trade. If the educational sector is
improved Pakistan can experience great economic development. This statement has
been supported by the statistical analysis done in this paper.
Conclusion and Recommendations
This study aimed to explore the relationship
between education and economic growth in Pakistan. It is extremely significant
for a country to put more fuel in education, because it is an essential ingredient
of human capital and hence economic development. The landscape and strength of the
affiliation between education and economic growth is still unblemished in case
Developing nations if start concentrating
on their scholastic needs may be able to prosper. Academic betterments have the
tendency to stir significant improvements in the economy. Economic growth flows
only from reforms that bring actual improvements in cognitive skills.
Identifying what works and how to implement it on a society-wide scale remains
a challenge, a challenge that includes both group of countries that constitute
this world. That is, the developed world as well as many developing nations
across the sphere of the planet. But, if we are to remain economically
competitive, we need to solve the puzzle of our schools and meet the governors’
challenge. We should not, simply because we have failed to achieve them in the
past, decide that the goals were illegitimate or unimportant.
The prime challenge that needs to be
confronted by Pakistan is deficiency of educational accommodations and
government’s ignorance towards it. Successive governments paid attention to
different sectors like economy, constitution, law, foreign policy etc. But they
opted to ignore the fact that Pakistan will cease to prosper if the commonalities
are illiterate. Education proves to be one of the most important factors for
the development of human civilization. Education enhances human status,
provides manpower, strengthens national unity and uplifts public awareness. It
invites positive and constructive change in society. We can be successful as a
nation with the help of appropriate education.
Education is the most important
aspect of any country’s survival, today. Education builds the nations; it
determines the future of a nation. All other problems in Pakistan are related
to lack of education. Illiteracy is a root cause of all major complications
faced by the Pakistani society, for instance population inflation, inequality,
corruption, unemployment, religious prejudice and gender discrimination.
To solve this problem, we need to
spread awareness. The government needs to take concrete steps for promoting
education in our country. People need to recognize illiteracy as a crucial
drawback encumbering Pakistan’s success as a nation.
On the basis of the results of this
study, it is recommended that the government focuses more to correct higher
education chiefly to university education. Additional funds should be granted
to education in line with others sectors, particularly to university and higher
education levels, so that the economic growth can be further accelerated. This
will in turn, leads to further education and hence development. Poor should be aided
to get advance education with the intention of the minimization of polarization
in higher education. Primary schooling should also be given priority because
primary education serves as an input for all higher levels of education.
Pakistani women having relatively
excellent literary abilities earn 95 per cent more than those with weak
literary abilitiess, according to fresh data released by the United Nations
Educational, Scientific and Cultural Organisation (Unesco). So investing in
education, especially for females, is essential as it lessens extreme poverty
by securing substantial benefits for health and productivity, as well as
democratic participation and women’s empowerment.
To unlock educations transformative
power, however, new development goals must go further to ensure that all
children benefit equally not only from primary education but also from good
quality higher schooling.
The formation of the human capital
through investing educational processes remains a global concern for all
individuals and governments.