Abstract:

Currently, there are more than 230 countries in this competitive world. Among those, most of them are still developing and under-developing, in which 80% of the world population lives, except the countries like USA, UK, Japan, Switzerland, etc. A country which has an increasing phase in GDP per capita, Economy and ability of self production is said to be a developing country. But, there are some factors affecting them, such as, rapid growth in population, increase in poverty and lack of industries which leads to increase in foreign investment, which means that, a country should be self-developing in order to attain the developed status. So the country should have more industries to be self produced. More industries lead to more job opportunity and more employment. Due to the reason of increased population in developing countries, more talented students, freshers, employees and graduates will get employed in their own country, instead of migrating to other countries for employment. But, it is not that, every graduate can be placed because of they had graduated from an educational institution. In order to get them employed, standard and quality of education should be higher and better. A country should export more and import less, to attain the developed status. The things produced that are left over after to meet the local needs of people, are generally exported. This can be done by properly training and educating the people by providing the knowledge and skills that are required to produce the goods. So, a good education is the key for development.

Keywords:

under developing country, GDP per captia, The Gross Enrolment Ratio (GER) , W- Class institutions.