Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries.

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Chapter20: The Global Economy
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Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries.

GDP per capita
35000
30000
25 000
20000
15000
Saudi Arabia
10000
South Africa, Malaysia
Mexico
Chile
Braz
Belarus
5000
Iran Turkey
Algeria A
China
Morocco India Zimbabwe
Pakistan
Nigeria
Indonesia
Vietnam
A ▲Kenya
Moldova: Kyrgyzstan
Ukraine
Jordan
Armenia
Georgia
Tanzania
T
-3.0 -2.5 -2.0 -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0
Education system
Europe x North & South America Asia & Oceania Africa
GDP per capita and education system over 2000-2004
Figure 4.2
Education system
Literacy
0.78
Primary teacher/pupil 0.75
Secondary enrolment 0.88
Tertiary enrolment
0.88
67.7
% of total variance
United States
Croatia
Ireland.
Switzerland
Austria Netherlands
Australia
●
Finland Sweden
Norway
United Kingdom Canada
France
Japan
Germany Italy
0
Singapore Spain
Israel
Taiwan Greece
Portugal.
Czech Rep. Korea
Slovakia.
Argepiha Estonia
Uruguay
●Bulgaria
●Hungary
New Zealand
Slovenia
Poland
Lithuania
R² = 0.69
Latvia
Russia
Denmark
Belgium
Transcribed Image Text:GDP per capita 35000 30000 25 000 20000 15000 Saudi Arabia 10000 South Africa, Malaysia Mexico Chile Braz Belarus 5000 Iran Turkey Algeria A China Morocco India Zimbabwe Pakistan Nigeria Indonesia Vietnam A ▲Kenya Moldova: Kyrgyzstan Ukraine Jordan Armenia Georgia Tanzania T -3.0 -2.5 -2.0 -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 Education system Europe x North & South America Asia & Oceania Africa GDP per capita and education system over 2000-2004 Figure 4.2 Education system Literacy 0.78 Primary teacher/pupil 0.75 Secondary enrolment 0.88 Tertiary enrolment 0.88 67.7 % of total variance United States Croatia Ireland. Switzerland Austria Netherlands Australia ● Finland Sweden Norway United Kingdom Canada France Japan Germany Italy 0 Singapore Spain Israel Taiwan Greece Portugal. Czech Rep. Korea Slovakia. Argepiha Estonia Uruguay ●Bulgaria ●Hungary New Zealand Slovenia Poland Lithuania R² = 0.69 Latvia Russia Denmark Belgium
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