IMPACT OF TECHNOLOGICAL EDUCATION ON DEVELOPMENT
All economic development takes place at various stages of development. Industrial revolution or industrialization of a nation takes place only through technological advancement. In order to achieve technological advancement, we need to have proper education. In spite of the effort to achieve universal primary education, there are still more than 57 million children out of school. This is a serious problem for developing country who wants to enter into industrialization. For any country to make industrialization, it needs skilled workers. Therefore, it is an imperative to have basic education so that a nation can build its skilled human capital. It is the skilled people of a nation that can contribute to the development of a nation. Skilled human capital of a nation enables a nation to be technologically advanced and therefore we can notice the direct relationship between education, technology and development.
In this presentation, after briefly analyzing the stages of development, I will focus on the theoretical model of technological development as an engine of growth as proposed by Solow and others. The paradigm shift in development from one stage of development to the following stage is propelled by technological innovation. This is possible by technological education in high school and college levels. By using comparative analysis of developed and developing countries, I will show the technological gap that exists between countries that explain the underdevelopment of a nation. After presenting the theoretical framework, in the second part of the presentation, I will show the Indian development process using the Five Year Plans that has started to integrate technology as an engine of growth. In the final part of the presentation, I will show the Indian experience in technological education for development using the newly developing Metro railway systems in India. Metro railway projects need many skilled workers and they are all provided by our higher education system. I will conclude by showing the impact of technological education on economic development for any developing nation.