Part one of term paper
Education can be defined as all forms of human learning or more narrowly as the process that occurs in specialized institutions called “schools”. It is unquestionably the most important form of human resource development, economists have agreed to the idea that education has an important role on economic growth. In many developi ...

Part two of term paper
... is no question that much of Africa is still under development, and education is one of its biggest hurdles towards economic growth. Although the percentage of children in school has risen from 25% in 1960 to over 60% now, the number of children not in school is still continuously rising. The two journals from The Economist both agreed that education is the first step towards development and economic growth. Both the World Bank and the IMF has demanded an increase in education spending as part of ...