Nowadays, there is a popular thought among society which underestimates the development of people’s life standards and endowed with pessimistic view of future. The increasing insecurity of developing technology, the existence of terror danger, and political and trade wars among countries are facilities tend to be highlighted in mass media and create pessimistic view of current and future living...

There is a wide range of literature written on the relationship between education and economic growth. It is often asserted among scholarly circles that investment on education brings higher returns to individuals’ human capital and subsequent increase in their productivity. As much as the productivity of the labor force increases; that is, the output per worker per hour produced increases, so the...

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