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Investment in Tertiary Education: A Study for Sustainable Development

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  • Islam, Dr. Md. Khairul
  • Kundu, Nobinkhor

Abstract

Facing the challenges of globalization and raising the quality of tertiary education to global standard require that the tertiary education is to enable human capital to perform with a set of new competencies. Policy makers in developing countries have set out procedures to build a tertiary education in which higher priorities and future strategies form the center of the sustainable development strategy. The low-income economies are keen to invest in tertiary levels of education but the government budget is a constraint. This study recommends the need for formation of financing sources. In addition, it is necessary to develop an effective lifelong learning system to provide continuing higher education and skill upgrading for persons graduating with higher education in order to acquire new skills necessary to be competitive in the new global economy. This paper analyses the importance of investment in tertiary education with low-income economies to ensure a sustainable development over the years. It is apparent that Bangladesh will acquire potential gains from investment in tertiary education.

Suggested Citation

  • Islam, Dr. Md. Khairul & Kundu, Nobinkhor, 2016. "Investment in Tertiary Education: A Study for Sustainable Development," MPRA Paper 84831, University Library of Munich, Germany, revised 12 Dec 2016.
    • Handle: RePEc:pra:mprapa:84831
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Education; Economic growth; Sustainable Development;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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