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The Bottom Line: The bottom line is that access to education provides a nation with both social and economic benefits. One can argue that, especially for those at the bottom, access to education provides social glue and reinforces that education is the most effective path to economic stability. While many may view education as a means to an end (the end being a higher income than one would receive without a college degree), the benefits of the means are not limited to the end.
With education comes income, as data have repeatedly and categorically shown. But the presence of wealth and income tends to be accompanied, as has been shown in this paper, by increased civic participation, social participation, parental involvement in schooling, and the like. Additionally, the personal economic benefit of a higher income notwithstanding, the nation as a whole benefits economically from higher incomes of its citizens when those educated individuals receive higher incomes and pay a higher percentage of their income in taxes.

Thus, the development of Monolithic Universities and a large and continuous investment in Research and Development is required to develop the Human Capital. The reverse brain drain will remain a myth unless we set up competitive and cutting edge technological institutions will bring back many of the scientific minds. Also when the level of output in these universities increases (in terms of research and development), the overall industrial indices are also bound to increase. Investment in access to superior quality higher education is an investment in the potential of every single Asian and, to be sure, the continent as a whole.

Concluded.

* Contributed by -
Raamakrishnan M. & Aparna Renganathan,
PGP1 Students,
BIM, Trichy,
Published in KRIYA, February 2006 Issue, the monthly magazine of the institute.

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