Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries.
Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries.
Chapter1: Making Economics Decisions
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Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries.

Transcribed Image Text:GDP per capita
35000
30000
25 000
20000
15000
Saudi Arabia
10000
South Africa, Malaysia
Mexico
Chile
Braz
Belarus
5000
Iran Turkey
Algeria A
China
Morocco India Zimbabwe
Pakistan
Nigeria
Indonesia
Vietnam
A ▲Kenya
Moldova: Kyrgyzstan
Ukraine
Jordan
Armenia
Georgia
Tanzania
T
-3.0 -2.5 -2.0 -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0
Education system
Europe x North & South America Asia & Oceania Africa
GDP per capita and education system over 2000-2004
Figure 4.2
Education system
Literacy
0.78
Primary teacher/pupil 0.75
Secondary enrolment 0.88
Tertiary enrolment
0.88
67.7
% of total variance
United States
Croatia
Ireland.
Switzerland
Austria Netherlands
Australia
●
Finland Sweden
Norway
United Kingdom Canada
France
Japan
Germany Italy
0
Singapore Spain
Israel
Taiwan Greece
Portugal.
Czech Rep. Korea
Slovakia.
Argepiha Estonia
Uruguay
●Bulgaria
●Hungary
New Zealand
Slovenia
Poland
Lithuania
R² = 0.69
Latvia
Russia
Denmark
Belgium
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