Gadra Baylon and Regina P. Galigao (Authors)
Abstract
This study aimed to analyze the impact of economic progress on education across various countries. It examines the dynamic interplay between financial development and education by examining how national economies’ improvements affect literacy rates, quality of education, and the labor-skilled worker. A comparative qualitative methodology was employed to analyze secondary data from nations with different literacy levels and economic statuses. The evidence shows that countries with high literacy rates tend to exhibit higher educational quality in terms of successful teaching methods, well-rounded curricula, and the use of technology.These factors contribute to a well-prepared workforce that can serve the needs of a contemporary economy. The studies indicate that investment in education makes the individual more capable and supports the strength of a country’s economic performance and competitiveness in the international market.
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Keywords: Economic progress, Education, Literacy rate, Skilled labor, Quality of education, Innovation, Human capital