According to Economic Survey 2013-2014, Pakistan succeeded 4.14 percent growth. For the economic growth of any country, technical education plays a pivotal role so for the developing country as Pakistan it is more important. As the 21st century is very challenging and struggled, so typical education cannot satisfy the load and needs of people therefore learning of technical education has become an important issue in these days. The dilemma of unemployment is increasing day by day which is actually making persons more discontent and concerned. The main reason for these circumstances is low level of our education system that puts a lot of pressure on the literary training and ignores technical education. Another important engine that gives a …show more content…
They found the positive role of education as in every year of education brings about 7 percent revenue for wage earners or labour. They found the effect of technical training and private schools is positive and significant. The impact of government spending on education on economic growth of Pakistan for the period ended 1980-2009 was explored by Kakar, et al (2011), they concluded that education has a long -term relationship of economic growth. They suggested that Better standards of education can improve the efficiency and productivity of the workforce and its impact on economic development in the long run. The impact of vocational training on economic growth of Pakistan for the period 1980-2010 was determined. They concluded that spending on education sector by the government helps in increasing the literacy rate and the stock on capital in country. The increasing literacy rate in turn improves the capital stock more than that. Literacy rate is also a cause of improving the rate of vocational training in the country. It is found that increase in labour force participation rate is helping in increasing the GDP growth rate, vocation training and literacy rate in the country in the study of Khilji, et al …show more content…
They found that the protection of intellectual property is one of the important factors for economic growth. They also suggested that the market structure may affect the links between intellectual property rights, innovation and growth, and the linkage between innovation and the protection of intellectual property rights play a weaker role in less competitive markets. Another study examined the impact of intellectual property rights (IPRs) and innovation in developing countries by Chen and Puttitanun (2005). They developed a model to explain the trade-off between imitating foreign technologies and boosting domestic innovation in a developing country’s choice of IPRs. They found that innovations in a developing country increase in its Intellectual property rights, and a country’s IPRs can depend on its level of development non-monotonically, first decreasing and then increasing. They analysed the data for 64 developing countries, and found the positive impact of intellectual property rights on innovations in developing countries and the presence of a U-shaped relationship between IPRs and economic development. Eicher,et al (2013) studied the impact of intellectual properties on economic growth, they argue that intellectual
Combination of education with industrial production.” (Page
Each of these areas of law plays a crucial role in shaping how businesses operate, compete, and innovate, as well as in protecting consumers, employees, and the overall market (Lau & Johnson, 2011). Nevertheless, striking a balance between regulation and freedom for businesses is essential to promote economic growth and ensure that businesses can adapt to evolving environments (Teacher, 2013). Antitrust laws protect consumers and ensure fair competition, while employment laws regulate employer-employee relationships and protect workers' rights (Chen, 2022; Fishman, 2019). Intellectual property rights promote innovation and protect inventors, but they must be carefully balanced to encourage follow-on innovation and avoid hindering competition (Wiens & Jackson, 2015). Consequently, the continuous improvement and adaptation of laws in response to changing business environments are
Education was not at its best during this time. It was thought of as a privilege, not as a necessity. For example,” C: What were the usual hours of labor when [children] were not thronged? B: From six in the morning till [seven] at night.”
The mass production of cars on the assembly line is a major cause of pollution in America today. According to Frank Wicks, Henry Ford’s empire “was built upon the internal combustion engine” (Wicks). The Model T ran on an internal combustion engine, and most cars still do. With these internal combustion engines everywhere they become pollution factories because of the carbon dioxide gas that they release (Curators). On the contrary, the Model T was a positive innovation in putting vehicles’ steering wheels on the left.
Strengths of the article was presented by statistical data on wages, unemployment rate, and the increase of higher education as well as in debt. Weaknesses were on how the author stated its opinion that a bachelor’s degree is not worth it because at the students are still failing to become
The notion that education generates sufficient external benefits, either through higher levels of economic growth spillovers is examined and found lacking. Even under conditions of market failure, government failure is omnipresent and sufficiently. Through education provides positive externality and that university education needs to be subsided the government might not have enough money to pay for education which might also reduce the funds paid by the
Educated Individuals provide their service to society by acquiring a steady salary. According to AbdulRahman Elshaarawy “In order for a country to see steady economic growth, education must be a priority. For every year of education, a person’s average earnings increase by 10 percent” (Elshaarawy, 5 . If education were to be a top priority of a country that country would have a steady economy.
My life has been a struggle at times, but my hard work, self-confidence, and eternal passion for my education and my community will outstandingly prepare me to be a successful member of this community at East Carolina University. I have had many different educational experiences that I feel have been beneficial for me. These things include Advance Placement and Honors classes, clubs, and volunteering for different organizations. I am a hardworking and challenging student, who likes to take Advance Placement and Honors classes and challenge herself. I have taken 3 AP classes previously, and currently enrolled in 2 for senior year of high school.
Introduction: Internal combustion engines play a dominant role in transportation and energy production. Even a slight improvement will translate into considerable reductions in pollutant emissions and impact on the environment. The two major types of internal combustion engines are the Otto and the Diesel engine. The former relies on an ignition source to start combustion, the latter works in auto ignition mode.
An example of this is the changing to legislation of intellectual property rights, altered the accessibility of medicines to the developing nations which were previously restricted, and lacking proper accessibility to treatment. The acronym TRIPS plays a vital role in understanding the success of this concept, it stands for World Trade Organisation’s Trade Related Aspects of Intellectual Property Rights. Administered by the World Trade Organsiation, it makes sure that a nation reflects the intellectual property rights within their domestic laws. Before TRIPS was enforced, most developed nations enforced intellectual property rights, yet many developing nations did not. Whilst this meant that that medicine prices were lower, for blah
In “The “Banking” Concept of Education”, Paulo Freire describes what it is like to be a student in the 1970’s, but this work is still relevant in today's education system. In this passage from his book, Pedagogy of the Oppressed, Freire discusses two different types of education. There’s the banking concept, which is currently in place, and the problem-posing education, which is the ideal form of learning. Many educational activists, in the 2000’s, have since touched on the ideas that Freire coined to depict the issues that Americans have with our system. In order to take a look at modern education, we must discuss what schooling is like now, describe what it should really be, and declare how Freire’s ideas connect with those of other writers.
Education differs dramatically between developing and developed countries. Researchers have found that education impacts earnings and economic growth. Poor children, with a lack of good education, are most likely to get low paying incomes. Poor areas and poor children who do not perform well in school due to lack of resources, poor education system.
Consequently, the owner has limited legal powers towards the third party. Only in a situation where the third party knew or should have known that the contract in question is violated, the inventor may have remedies towards the third person, but this is merely an exception than a general rule. Efficient trade secret laws could actually lead to greater knowledge diffusion. The optimal law protecting trade secrets, should result in the allocation of the information to more people, which could lead to more innovation and an increase in human capital, by minimizing the risk of distribution to competitors.
The human development index proves that countries where children with few years of education are overall less developed. South Korea’s recent transformations shows how important a strong education system truly is. Thirty years ago it was a low income country with 78% of it’s population illiterate because only 40% of children were able to attend secondary school. After the country decided to invest money in their education system, all children had to opportunity to attend secondary school, thus their economy skyrocketed.
According to Dr. Jose Rizal “Ang kabataan ang siyang pag-asa ng bayan” that’s why education should be plan wisely. Having a good quality of education is having a powerful community; if people in the community are educated then economy will be better. If we want to have a better economy of coarse we should have knowledge and skillful graduates that industry needs. To meet the goal we must improve our education system and the key to that is to implement and support k-12 K-12 was implementing starting 2011 and by 2013 president Aquino signed the k-12 into law, adding 3 years to country basic education curriculum.