The role of education in economic development
Author(s)/Corporate Author (s)Sammak, André;
United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP);
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Some economists see education mainly in its consumption aspect. In their view it is a public service, often a very costly one, and it is part of overhead costs of development. Seen in this light, educational expenditure ought to be confined within as narrow limits as possible so that productive investment shall not be handicapped. This standpoint is somewhat reflected in the structure of national accounting.