Roles of national education systems in the international economy

Education is not all about reading and writing; it entails an individual deciding to acquire the advantages of the process as well as utilizing personal knowledge for the growth and development of the country’s economy, ( Drainville, 2017). Education makes people sharpen their way of thinking and thin more critically on matters related to national development and improving their living standard. School is as well identified as an investment since its knowledge and learning has been recognized since the beginning of time.

Many countries have developed through education whereby people have benefited from training and can work internationally. Investing in school leads to an increase in the level of incomes thus an increase in the level of economic development. For example, people attaining a high level of education can work abroad due to their high levels of knowledge and skills. Countries can carry out different roles such as trading, exchange of knowledge and skills by allowing the people to move comfortably within the nations into the international states hence to participate in their development projects.

Education has influenced skills that are demanded by the labor market both locally and internationally as crucial. In this new world, knowledge has been advanced into an extent to which it leads totp global competition required by the acquisition of new skills in society (Robinson, 2012). People move from one country to another to gain more knowledge and skills by sharing with others the experience they have from their local state.

The primary purpose of the National education system is to contribute to the social, economic and political development of the society. It helps human capital who dramatically influences the growth of the economy. Education, therefore, prepares learners to live productively and to be responsible as adults of the future in the local, national and the international society.

However, education has led to poverty reduction both in the first and third world countries. The national system of education has enabled many people to access advanced training in which through their knowledge they have been employed in different areas of work. It’s more important to hire an individual according to their specialized areas of education so that to increase the quality of their work (Pedersen, 2007). Through this, it will contribute to the development of the economy since the work is conducted efficiently and effectively.  For example, advanced machines have been used to make the transport and the business sector to improve both locally and internationally thus enhancing the social, political and the economic area.

The national education system has raised the level of income for people in the country. An educated person has a better chance of being paid higher in the job market as compared to those who have not attained higher education. Higher education allows people to specialize in their fields thus enabling them to have numerous earning opportunities. This is because they have a high level of knowledge on their specialized working thus making them result in quality products at the end.

National education system promotes equality. It ensures that there are equal opportunities for everyone regardless of race, gender,  and religion to work in any country (Yeates, 2002). When there is equality among the citizens, it will boost the morale of all the citizens to go to schools to acquire enough knowledge that will later lead to an improvement of their standards of living as the development of the economy as well. It is essential for people to feel free to move from one place to another to spread education that will significantly contribute to a positive impact on society.

Hong Kong graduates and their significance

Hong Kong is one of the countries with the top-ranked university in Asia in high education. Hong Kong provides high-quality services to its students who have excelled in academic research in a broad range of disciplines (Robinson, 2012). It is at the university level that is the most impressive in terms of education and other subjects. The student bodies and faculties are incredibly international, and their programmes are taught in English.

Hong Kong high education institutions also are having a strong bond with the employers. It enables many graduates to get employed thus improving their living standards readily. Employment is enhanced by the bridge that is between China and the rest of the world. Since most graduates have been employed, their living standards have improved thus making the country to develop socially, economically and politically.

Hong Kong produces the most skilled graduates with a high level of knowledge in law, medicine, science and also in business. Having highly educated citizens minimizes crime and increases participation in country development in different sectors. Since many unemployed youths mainly engage in immoral activities, Hong Kong has solved the problem by laying a good foundation for their teens.

Put globalization to work for democracies

It has been seen that the world is moving closer to what Rodrik envisioned in his 2016 article about globalization. Most countries are working hard to make sure that their countries are creating a space force. For example, Trump a president of the United States of  America says that it is necessary for his country to dominate space.

Many countries have considerably developed due to globalization. There has been a great connection among many democratic countries, and this has enabled them to grow. For example, China benefited from the flourishing trade and the investment it has across National borders. The flourishing business has caused China to get enough funds that are used to improve other sectors such as the building of modern roads, railways, improving education and the health sector among others.

Globalization has enabled the less developed countries to start developing economically, socially and politically. Some economies converged with more affluent counterparts like Japan, South Korea, and China and they have greatly benefited in terms of workforce and resources (Hope, 2009). Therefore, countries that relied on globalization as their engine that will lead to their growth are significantly developing. The living standards of individuals from developing countries has improved.

However, globalization has deepened into the economy and culture where it has caused separation between those who have taken advantages of the global economy and those who lack resources and skills to do so. When this happens, it may create hostility to the affected countries and democracy may fail to take its route.

Competition of global cities

There are leading cities that give power to the global economy. The cities include London, New York, Hong Kong, Tokyo and Singapore which are mostly involved with factors that make the marketplace to be competitive. The cities tend to focus their economies on tradable goods and services.

For the leading cities, their economic activities are based on manufacturing, construction, and mining (Campbell, 2007). Most importantly, they have a good strategy that gives an advantage in return. For example, the city of Bucaramanga, in Colombia,  has used its oil funds to construct universities which lately produces graduates with technical skills that enable them to boost human capital.

Tendency evident in nearly all countries a model derived from western experience

It is a tendency of almost all countries becoming a model of the knowledge of the west whereby they mostly involve directly with factors of trade and industrialization. Many western cities developed from the same elements other countries are emerging such as through urbanization and due to improved transport systems.

Chinese`s globalization challenge

It is right by the Peter Nolan argument that the world leading firms have gone through a revolutionary transformation that has caused a significant problem to China`s large firms (Berger, 1996). The nature of the large firm based on having high-income countries have advanced over the Chinese firm in different sectors. China`s business has been a complicated process that has made it be as far behind in its globalization strategy.

There is a case study that was conducted in the 1990s that clearly show the level of competition from China`s large firm is still weak. It is also recognized that China`s leading business such as the companies, banks and the accountancy firms are still far behind the globalization strategy.

Sean Starrs analysis

Us corporations continue their global dominance through the benefits that have been supported by past policies. Sean Starrs, in an essay titled “China`s Rise is Designed in America, Assembled in China,” makes the point that corporate globalization strategies profoundly shape economic processes and outcomes.

A country`s production shows that it has a root from the leading countries in globalization. For example, Japan has risen as a major producer of exported cars and other electronics. It is explained that the transitional global strategies influenced its success (Sean, 1990). It makes me agree vividly and support Sean Starrs` analysis because it clears shows that, countries that are leading in terms of making enormous profits lay a good foundation for other less globalized countries. The expansion of transnational, cross-border production network has created a link on which other countries are getting their developing roots.

References

Berger, S., & Dore, R. P. (Eds.). (1996). National diversity and global capitalism. Cornell University Press.

Campbell, J. L., & Pedersen, O. K. (2007). The varieties of capitalism and hybrid success: Denmark in the global economy. Comparative Political Studies, 40(3), 307-332.

Drainville, A. C. (2017). The fetishism of global civil society: global governance, transnational urbanism and sustainable capitalism in the world economy. In Transnationalism from below (pp. 35-63). Routledge.

Hope, W. (2009). Conflicting temporalities: State, nation, economy and democracy under global capitalism. Time & Society, 18(1), 62-85.

Robinson, W. I. (2012). Global capitalism theory and the emergence of transnational elites. In Global Elites (pp. 54-73). Palgrave Macmillan, London.

Yeates, N. (2002). Globalization and social policy: From global neoliberal hegemony to global political pluralism. Global Social Policy, 2(1), 69-91.

Walt, S. M. (1990). The origins of alliance. Cornell University Press.