There is an old saying – A rising river covers many rocks and a drying river uncover them. The downturn in global economic growth had led to many social issues raise their heads again. The education system is one of them. There are many issues relating to the current education system – poor standards of public education, falling education standards, rising cost of professional courses, a decrease in relevance among industries and more. The decade old question which is a common factor for all these problems is – “Role of governments in the education system”. The question is as old as the education system itself. To answer this question, first, we need to understand the purpose of the education system.
Purpose of Education
Education is an investment in human capital. And as continuous investment in physical capital is required for economic growth, increase in human capital is also required for economic & also social growth. Apart from providing economic gains education also serves society. For a society to be stable & Democratic it needs to have some basic common set of values along with a minimum level of literacy. Secondly, for a society to be progressive it needs innovative, diverse & free thoughts.