Download GAC008 Assessment Event 4: Academy Research Essay

GAC008 Assessment Event 4: Academy Research Essay
Spending on Education of
Government
Student`s Name:
Jeongwan Kim
Student ID#:
HUK21832
Teacher:
Jooyong Choi
Due Date:
15 July 2012
World count:
1033
GAC008 AE#4
Jeongwan Kim
HUK21832
Topic: “Government spending on education is an investment in human potential that
enhances the country`s future: Do you agree with this statement? Write an essay persuading
readers of your point of view. Support your arguments with evidence from appropriate
sources.
Every nation spends on education for the country`s future. The government spends money on
education, to assert that it can promote potential for country`s future. As potential of citizen is
enhanced, nation`s competition can be promoted for future. There is a hot controversy whether it is
wise or not. However, government must to invest education for enhancing the country`s future. There
are correlations between the citizen`s potential and nation`s competitiveness, so educating citizen can
enhances not only human potential nut also the country`s future. The advantages proving that is a wise
choice to spend on education is presented by providing results of nation`s GDP, backing loan money
of school, and supporting cognitive skills about economy.
First of all, spending on education can enhance country`s GDP. When the average of investment on
education in nation was increased compared to before, economic growth rate has increased GDP 2 to
3 percent, government must spend on education as the correlation between education and GDP is
recognized. If there are correlation in education with economy, government should invest to education
for country`s future, as Hanushek`s stating that there are correlation between spending on education
and economy growth. Education score of country also very important, as test scores in nation continue
to improve; economic growth is also higher and higher in chart. In country, test score and economic
growth is correlated with nation`s GDP. When researchers performed this analysis, they found, as
other economists before us, that when the average number of years is a boost to annual growth rates of
more than 10 percent of what would otherwise have occurred (Hanushek 67) it is a significant amount,
so there are no reasons to disagree because of examples shown in the correlation. As the government
invests on education for human potential, it is not only people`s test scores improving but also the
nation`s GDP as well. For example, China invests much money on education for the nation`s future,
so the government wants to develop the country by investing in people`s potential to enhance level of
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international competence, their GDP increased from 4 to 5% (Rasouli 2012). Countries with higher
test scores experienced higher economy growth rates such as Korea, USA, and United Kingdom.
Increasing GDP is a positive sign to countries; assertion of disagreement cannot persuade everyone as
presenting evidences of increasing country`s GDP. As government spends on education, human
potential and the country`s future is also improved. Evidences of improvement is change the nation`s
GDP, so spending on education can enhances human potential and the country`s future.
As government spends on education, loan money for student can also be increased. Perhaps most
importantly, loan programs have contributed to the tuition price regulation. Relationship between
spending on education and school has positive effect. The government`s loan program can decrease
debt of students as provide low interest. The government can provide students to long period loan
with low interest such as 10 or 20 years, students can have a job during this time. For example, poor
students cannot help borrowing money for entering University. As the government invest to loan
money, education loan for poor students enables them to restart their life by taking further education,
and income-based plan can even get your payments down to zero if you're poor (Weston). As
government invests loans for education, many students can have opportunities go to a university. The
giving opportunities for students can enhance human`s potential for country`s future. The more people
have highest education, the more increased future possibility of country. The purpose of the
government is not shifting debt to students but providing opportunities for their future. Therefore, the
government must to support loan money for providing opportunities of education to students for
future.
As a country invests on education, people`s cognitive skills about economy increases. Cognitive skill
is professional word which is mental skills used in the process of acquiring knowledge such as these
skills including intuition, perception, or reasoning. For country`s future, cognitive skills of people is
so important thing. As spending on education is increased in nation, cognitive skills about economy
also higher than other countries, it is also correlated to a nation`s economic growth. Like this,
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education can promote to economy, for example of higher education, investment in education in Asia
between 1965 and 1990 also grew faster than in any other region in the world. To achieve good
negotiation, a country must support education to recognize this. Effective collaboration requires both
the cognitive abilities fostered by formal education and a range of general and interpersonal abilities
(Williams 512), cognitive ability can fosters drawing wise negotiations, whenever people face
difficult situations. People who have cognitive skills about economy can be more knowledgeable
about society. spending on education can enhance cognitive skills and a country`s future. Higher
education can be to the key to the continuing growth of national economies. As nation`s people have
high cognitive skills about economy, the country`s future is also enhanced. Spending on education can
make many of results as foster people`s potential. Therefore, spending on education of government is
so wise for human potential and country`s future.
In summary, the assertion of government can produce good results, as spending on education can
enhance potential of human and country`s future, change of GDP, supporting loan, and increasing
cognitive skills are clearly positive sign for nation. GDP reflect country`s possibility of future, and
loans also can support many of opportunities for students for the country`s future. High level of
cognitive skills can foster country`s development. There is a clear correlation between spending on
education and economic growth. It can be stated that education scores soars higher in a country,
economic growth is also increases, so spending on education can enhances the potential of people for
future. As investment of government can enhance future possibility of country, and also make a bright
future for the nation. Therefore the government must to invest field of education for future as
supporting people`s potential for future, even though there are opinions of disagreement.
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References
Richard, Vedder, “Education watch international.” Edwatch. 27 June 2012, Web, 7 July 2012.
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Li, Hongbing, “China raises education spending, but more needs to be done.” Xinhuanet. 13 Mar 2012,
Web, 7 July 2012.
Zahra, Rasouli, “Economic Growth and Gender Inequality in India.” Buddhasemptyplace. 5 June
2012, Web, 7 July 2012
Eric A, Hanushek, “It`s not just going to school, but learning.” Education and Economic Growth 6.2
(2008): 62-70. Web. 20 Feb 2008
Elizabeth St. George, “Positioning higher education for the knowledge based economy.” Higher
Education 52.4 (2012): 589-610. JSTOR. Web. 8 July 2012.
Peter John Williams, “Valid knowledge: the economy and the academy.” Higher Education 54.4
(2007): 511-523. JSTOR. Web. 8 July 2012.
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