Education is critical to improve economy of any country. Many developed countries have huge funding for education and provide free schooling for the children. However, further studies become a problem due to high fee structure. Education has a direct impact on a countries economy as literacy and skill rates improve. In some countries, there are not enough skills to handle a particular job and they need to hire people from other countries. If these skills are available in their own country, need for outsourcing can be prevented and employment rates will increase. In developing countries, … [Read more...]