Argument that education contributes significantly to economic development has become that truth is axiomatic. Several academic studies and empirical studies have demonstrated the validity of the thesis.

The latest book by William Schweke, Smart Money: Education and Economic Development (2004), confirm once again scientific arguments of earlier scholars, not only education, such as human resources (HR) quality, have the knowledge and skills and understand the technology, but also a climate healthy company, and is conducive to economic growth.

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