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GAC008 Assessment Event 4: Academic Research Essay

Government spending on education is an investment in human potential that enhance country’s future

Student’s Name: Caroline Xu

Student ID#: HPCX30023

Teacher: Jane Baddon

Due Date: 27/04/2015

Word Count: 1039

Question: “Government spending on education is an investment in human potential that enhances the country’s future”. Do you agree with this statement? Write an essay persuading readers of your point of view. Support your arguments with evidence from appropriate sources.

In any society, the total social investment has two parts that are the investment by the government and private investment. Nowadays, an increasing number of people are concerned about the ways that the government investing education. However, what kind of education investment the government should spend money on is a controversial issue. I agree with the view that the government should spend on education; it is an investment in human potential that enhances the country’s future, for the following reasons.

To begin with, spending on education is an investment in human potential. Marx pointed out: "to change the general human nature, make it get a department of labor skills and techniques, developed and specialized labor, it is necessary to have a certain education or training." (From “Marx Engels complete works "volume twenty-third, 195th pages ). So education can help enhance human potential in some aspects: do a favor to advantageous to personal quality, boost the quality of labor force, thereby increase production efficiency, social development and so on. As is known to all, science and technology is the first productive forces, is the decisive factor of present and future economic growth. The second half of the twentieth Century, the rapid development of high-tech industry, occupy the commanding point of high technology has become the key to decide the future of economic competition. Education, especially higher...