Concept of Education and Social Development-Samples for Students

Question: Write a Summary on the Concept of Education and Social Development and the International Strategies for Economic Collaboration Reform. Answer: Summary: This summary reproduces the concept of education and social development and the international strategies for economic collaboration reform. This conference was hold in Malaysia where Dr. Francisco represented India and gave his present his speech in an interesting way inform of the Honourable Deputy Minister of Malaysia and the Honourable Secretary General of the Ministry of Higher Education of Malaysia. Speech of Dr. Francisco: Dr. Francisco, professor and researcher of the World Bank, discussed about the stimulating educational and social development and the role of higher education institutions during the fourth industrial revolution. For this discussion, he pointed out some challenges that might affect higher educational system, all over the world in future and for this, he suggested to think with modern concept. The first part was discussed about the problems that higher education faced and the solution was difficult to achieve. Hence, at first, Dr. Francisco raised a question that whether higher education is good investment and for this, he did a periodic analysis in the World Bank about the economic return from education. Form his finding Dr. Francisco stated that higher education is a part of entire educational system and the economic returns is high. Hence, it is good to invest in higher education. However, there were some portions in the world, especially the Middle East and Northern Africa, where that economical return faced some challenges. Decreasing returns from higher education was the challenge that happened due to two potential reasons. The first reason was increasing supply of higher educated people that an economy could not utilise fully and second reason was decreasing demand for higher educated people due to lack of skills. In this context, Dr. Francisco gave an example of Angelo, who was the tourist guide in India but had the ability to become an economist. He also pointed out some other examples from rest of the world to highlight the negative economic returns of investment from higher education. Thus, it was important for him to indentify loopholes of educational system all over the world, as it is a global issue. In this context, Dr. Francisco told to think practically about those issues, as many jobs would be omitted in future for robots. Higher education is not only concerned about money or economic returns, but more than that. It helpes to develop a society by making citizenship, preparing new thinkers and building leaders for the society, which would lead everyone to think beyond traditional concepts of higher education. Hence, higher education is not only depending on money, rather it helpes to build a society with informed citizen, who further makes a developed community with more tolerance. However, in general, people did not think about those impacts of higher education and gave importance on investment of money from economic point of view. To analyse this view, Francisco took help of the World Development Report of the World Bank where he proved the social benefits of higher education. According to the report, among the total percentage of population, who believed on democracy, importance of democracy was greatly understood by those people, who had higher educational knowledge. According to other example, the ministry of Higher Education in South Africa informed that higher education was the last step of a formal educational system, where a country could get the opportunity to build a future generation with tolerance and awareness. To describe this situation, Francisco took the example of his own country, Mexico, where people got elementary education and for this reason, they could not adopt diversity due to lack of tolerance. Thus, higher education is not all about money rather it is the last resort for a country to provide for its future generation the capacity to understand other nations. The basic responsibility of a higher educational institute is to generate responsibilities among future generations about their own communities and for this those institutions needs to act as a role model. However, instead of those challenges, present and future environment is going to be very helpful for higher educational system but at the same time, it is important to face the challenges that how those transformations would affect higher education. The total number of enrolment for higher education is increasing significantly, all over the world. But there are some countries, especially low-income countries, where people get less benefits from higher income. Hence, for those underdeveloped countries, benefits received from economic point of view are more important than social benefits. Thus, it is important to break this discrepancy among countries to attain almost an equal global society. According to him, the government, higher educational institutions and people with higher education should take the responsibility to break that marginalisation. As higher education provides various facilities, it is a basic privilege for everyone. However, there are many poor countries, which cann ot access this privilege. Hence, it is the basic responsibility for all to decrease the gap between people, who are accessing higher education and who cannot get this opportunity. In this context, he took the suggestion of Stephan Kreisel that in 21st century, people could face a different society hence it was important to guide technologies to achieve better benefits. According to him, there were many people, who complained against higher educational institutions that those did not follow their role within a community, properly. However, there were various ways by which the improvement could be achieved. For these, people should connect higher educational institutions with their society and with other higher educational institutions. Thus, a huge correction within a higher educational institution was needed. Moreover, those institutions required to make more changes to become transparent, accountable and needed to become open to accept social challenges. Thus, a big question about those institutions had risen regarding their quality, relevance, what students were learning and how those learning were related with practical world. Hence, he suggested that some skills should be taught in higher education institutions, including Malaysia, and the government of the country and those institutions would take initiative to teach those fundamental skills f or making better future generation. Those skills were reliability, flexibility and integrity.