What is the link between better education and economic growth?
The link between better education and economic growth comes from the fact that better education increases the amount of human capital that is available in an economy.
Economies can only grow by obtaining more or better resources. An economy can grow, for example, if it discovers new deposits of minerals that can be exploited. It can grow if its labor force grows, perhaps by something like immigration or women entering the workforce. It can grow if technology improves, allowing the...
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