According to the human capital theory, the economic development of a nation is a function of the quality of its education. In other words: the more and better educated a people, the greater the chances of economic development.
The modern world in which we live is often termed a “global society”; education and information have become production factors potentially more valuable than labor and capital. Thus, in a globalized setting, investment in human capital has become a condition for international competitiveness.
In the Philippines, I often hear harsh criticism against the politics of globalization. At the same time, regarding the labor markets, I can hardly think of another nation that is so much a part of a globalized economy than the Philippines with nearly ten per cent of the overall population working beyond the shores of the native land.
Education is said to be the priority of our government. But, it seems the quality of education declined as years go by. We should root the cause of these problems deeply and do something now not only for today’s youth but mostly for the future leaders of this country.
By: MS. MARISOL M. DE LEON | Master Teacher I | Orion Elementary School, Orion, Bataan
