Education plays a most significant role to provide a foundation for eradicating poverty and fostering economic development. We all know that education is the backbone of a nation but quality education ensure of increasing economic efficiency and social consistency. No country has achieved constant economic development without considerable investment in education. Bangladesh population reached 167.6 million people in June 2020. At present Bangladesh is the eighth most populated country with almost 2.2% world’s population. Basically, we need to convert population into human capital & not to be treated as a burden anymore. Human Capital is a measure of the skills, education, capacity and attributes of labor which influence their productive capacity and earning potential. The term “Human Capital” first appeared in 1961 by Nobel-prize winner economist Theodore W. Schultz, in his article ‘’Investment in Human Capital’’. Human capital is affected directly and indirectly by education which plays an important role in both accumulating human capital and increasing economic growth. A large number of population can be turned into a productive asset by investment in human capital by spending resources on quality education and health for all, training of industrial and agricultural workers in the use of modern technology, and useful scientific researches, etc. We must provide quality education to achieve sustainable development of the nation.
Md Murshed Kabir, MBA
Managing Director
Montiara Visionary Overseas Ltd