For starters, some people might think diversity is not that important, but it is important because it expands how people think and perspectives (“Is a College Education Worth it?”). For example, different cultures show differences of how people work in different standards. To follow, studying abroad “can broaden your cultural, intellectual, career, and personal horizons (Bellenir 107)”. For instance, students going abroad can learn about the two countries connection. To conclude, being in a diverse atmosphere gives great friendships and soulmates (“Is a College Education Worth it?”).
Because some people argue that globalization help poor countries to become economically good state & make their living standards improve ,while others arguing that the creation of the free market concepts enable developed countries to make more money at the expense of poor countries resources, labour & cultural unbalances. So some part of the world helping globalization concepts & others resisting the concepts of globalizations, Actually most of them trying to see a balance between pros & cons of the globalization for example governments trying to manage the trading concepts based on the governmental objectives by creating new
Ever since the Great Depression, the minimum wage has been in effect — in order to reduce poverty and solidify that employees are paid a reasonable sum. Although the minimum wage can be beneficial and advantageous for individuals and to our economy as a whole, it can also be detrimental to our nation’s finances. The federal government should not allow this to pass, but rather they should increase the citizens’ knowledge of the pernicious consequences and complications that will arise with a higher minimum wage, especially one as high as $15 per hour. Some of the resulting conflicts that will occur if this possible raise in the federal minimum wage takes effect are: job loss, business failure, higher consumer prices, and a lower demand for uneducated employees. Although it may appear as if increasing the federal minimum wage will help to lift families out of poverty, in
In this view, ‘education’ is now considered as a “product” benefiting those who study so it is reasonable that the “users” should pay for it as any other “product”. The training process, therefore, turns to be another commercial transaction, in which something of value is exchanged for some type of compensation. This change came from the sharp reduction in public aid for education, which was not enough to sponsor the activities related to expanding or improving education sector while the institutions needed to innovate to keep up with the global trend. Colleges and universities had to ask for support from private sector, while private enterprises were willing to join the education market (Washburn,
Din and Haider(2013) studied the impact of aid on the economic growth of the country. Ramsey Cass Koopman's growth model has been used. Results show that foreign aid has a positive impact on the economy but good governance plays an important role but external debt has a negative role and and is the reason for creating burden on the country Alan(2013) studied the impact of foreign aid on the economic growth of the country. Secondary data has been used where as government spending on education is the independent variable. Results conclude that the lack of management, poor planning and corruption are the reasons because of which aid is not being used
Although, study abroad students can face some difficulties such as being far from family, studying in a second language and paying a lot of money, the advantages of studying abroad outweighs its disadvantages. Study abroad students will be familiar with a new culture as well as a new language, improve their personal life skills and they can get a better job in the future. Furthermore, if students from all around the world decide to study abroad, people from every country will know each other’s culture and they would understand each other better so that the world will be a better place to
First, getting a better education will help you get a better job and have life skills. A common argument against this position is you don’t need a college education to have good life skills, but “74% say their college education was very useful in helping them grow intellectually; 69% say it was very useful in helping them grow and mature as a person; and 55% say it was very useful in helping prepare them for a job or career(Pew Social & Demographic Trends).” Having a better education will improve learning and working in a career. Almost half of people think a college education is just as important as knowing how to socialize in a working
The effect of a maximum price could create a shortage as it could lead to demand exceeding supply for that particular good. Price floors however are minimum prices that the government sets when the prices of products are too low and they think producers are in need of assistance. Besides that, direct provision is another method of government intervention. The main economic justification for the provision of these goods is that, they may not be produced by the market otherwise since zero monetary profit would be made from its
Net private benefit of merit goods gained from consumption can decrease the private cost. The merit goods also can benefit others which does not recognized in the consumption. For example, education is a typical merit good for students. Students often cannot recognize the benefit of working hard for their future jobs and life. And also the benefit of working hard will benefit many other people.
However along with it is the situation when the system cannot be expanded and reduce potential source for students who can afford the higher fee. Second constraints come from a non-public institution. It’s suggested that there should be favorable policies for the non-public sector, including allowing them to collect and distribute profits among their shareholders and setting their own fees if it is to help absorb demand for higher education. The third one is to encourage policy for the poor coming from the disadvantaged background. 2.2 Constraints to