Educational in Contribution to Labor Force
The Importance of Education in Philippine Economy
Submitted by: Leanne Kym Jane Lozañes
Abstract
The study explains the significance of quality education to the employment of an individual and to the economy of the country. Several literature points out the poor quality of education in the public school system in the country. I argue that the national policy focuses on the quantity rather than giving emphasis on both the quantity and quality of education. The relevance of the human capital theory explains education as an important factor in producing a skilled-labor force which is the life-blood of the economy. Data acquired shows that the quality of public education system in the country is relatively low because of several factors pointed out by the respondents. Furthermore, it shows that most of the respondents regard education as an important factor in the future employment of the student. It is found that education is an important factor in the employment of an individual and it produces a skilled labor force (human capital) that is essential in building the economy. I concluded this paper that national policies should give more attention to the public school system in the country and that there should be guided transitions of individuals from school to the work.
Introduction
The study explains the significance of quality education to the employment of an individual and to the economy of the country. Modern economies and societies are known to be knowledge-based - the manufacture and marketing of information (Steele & Price, 2008) - plays a vital role in the development of the economy and society. A knowledge-based economy is that which has the capacity to create, share and use knowledge and skills and utilize the human assets for the purpose of improvement and the general well-being of the people (Kefela, 2010; UNESCO, 2005; UNDP, 2008). This manufacture and marketing of information is manifested through education. Education is seen as an
Submitted by: Leanne Kym Jane Lozañes
Abstract
The study explains the significance of quality education to the employment of an individual and to the economy of the country. Several literature points out the poor quality of education in the public school system in the country. I argue that the national policy focuses on the quantity rather than giving emphasis on both the quantity and quality of education. The relevance of the human capital theory explains education as an important factor in producing a skilled-labor force which is the life-blood of the economy. Data acquired shows that the quality of public education system in the country is relatively low because of several factors pointed out by the respondents. Furthermore, it shows that most of the respondents regard education as an important factor in the future employment of the student. It is found that education is an important factor in the employment of an individual and it produces a skilled labor force (human capital) that is essential in building the economy. I concluded this paper that national policies should give more attention to the public school system in the country and that there should be guided transitions of individuals from school to the work.
Introduction
The study explains the significance of quality education to the employment of an individual and to the economy of the country. Modern economies and societies are known to be knowledge-based - the manufacture and marketing of information (Steele & Price, 2008) - plays a vital role in the development of the economy and society. A knowledge-based economy is that which has the capacity to create, share and use knowledge and skills and utilize the human assets for the purpose of improvement and the general well-being of the people (Kefela, 2010; UNESCO, 2005; UNDP, 2008). This manufacture and marketing of information is manifested through education. Education is seen as an
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