With the rapid development of social productive forces and science and technology, the importance of education has become increasingly prominent, and the relationship between education and economy has become increasingly close. With the advent of the era of knowledge economy, the role of education in promoting economic development will be more significant. The significance of education. Education is all kinds of conscious and systematic activities aimed at meeting the needs of learning, and it is an organized and continuous communication leading to learning.
Education can be divided into broad sense and narrow sense. Education in a broad sense refers to any activity that can enhance people's knowledge and skills and affect people's ideological quality; Education in a narrow sense mainly refers to school education, that is, educators exert purposeful, planned and organized influence on the body and mind of the educated according to the requirements of a certain society or class, and cultivate them into people needed by a certain society or class.
The theory of educational economy is the theory of human capital. The theory of human capital is considered as the main basic theory of educational economics. In the last century, Schultz, winner of the Nobel Prize in Economics, made a complete theoretical exposition of human capital, that is, human capital is the capital formed by investment in people and "investment in education and technology of a country's residents".
Schultz believes that the role of human capital in modern economic production activities is far more important than material capital. Using this idea, we can draw a conclusion that the fundamental reason for the economic backwardness of poor countries lies not in the shortage of material capital, but in the shortage of human capital, which has become a restrictive factor for economic growth.
The role of education in economic development;
The theory of human capital reveals that education, as the main factor of human capital, plays an irreplaceable role in economic growth, and this role will be strengthened with the enhancement of science and technology in economic growth. The relationship between education and economic development. The relationship between education and economic development is generally positive, that is, education promotes economic development.
Economic development promotes the improvement of education level. Specifically, economic development is based on education, and the improvement of education level promotes the further development of the economy. The influence of education on economic development is long-term, potential and comprehensive, and it can provide high-quality workers and various specialized talents for economic development.