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Government Investment in Education: Worth the Cost?

   

Added on  2023-01-18

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Running head: RHETORIC
Rhetoric
Name of the Student:
Name of the university:
Author’s Note:
Government Investment in Education: Worth the Cost?_1

2SOCIOLOGY
Korea, where I am from, is a country well-known for excessive enthusiasm for education.
Typically, a lot of Koreans prioritize being educated and consider it is the only way to be socially
successful. I grew up in the mecca of cramming education, city full of young students dedicate
themselves just to go to better college. One of the biggest reasons why those students have a
short-sighted view of value is because the government encourages them to. Government
expenditure on education is 5.05% of total GDP in 2015 and has been constantly increasing from
2% in 1975 (Mundi). Growing up as an adult with experiencing the same agony of Korean
teenagers and a tax-paying citizen, one curiosity grew in me as well. All those investments from
the government for students, is it actually worth? I have chosen this topic as I feel that education
is really very important for all the people living in the world. As per my opinion, it is only
through education that man can be able to overcome all the darkness and the social evils present
in around him through the light of education. Having been a resident of Korea I have always
been able to understand the effects of education in a very age-old predefined manner. As my
parents were also into the profession of teaching I have been guided to work hard so that I can
get admission in one of the best industries. However, I have seen that there are some or the other
kinds of disparities that often lie among people in terms of education. I feel that people must be
made aware of taking up educational opportunities in an even serious way so that they can get a
good independent life.
Growing up with the professor as a parent, I was informed to go to graduate school and
took it for granted. Accordingly, education and learning are intimate lifetime career to me, and I
was interested in human resource. That is why topic related to education first came to my mind,
thinking of I-search topic. As brought up ideas for government and human resources, education
was not so one-dimensional. Because the human potential is abstract, the specific concept of
Government Investment in Education: Worth the Cost?_2

3SOCIOLOGY
potential and investment was needed to judge the statement. Before I started my research, I had
the same typical idea of Korean students that academic studying and following path of scholar
student is the only key to achieve my goal and be successful. In Korea, people with different
education level showed a comparatively huge gap in salary. However, students have potential
regardless of scale and area. Although most the students scour to seek their potential in academic
areas, there are athletes, drawing, acting, and countless areas outside of academics. I feel that a
student who is interested in dancing must be allowed to pursue his or her career in that particular
aspect itself. Government is making a huge investment in order to give a strong boost to educate
people. However as the country is undergoing many changes in this 21st century, people all over
the world must also change their mindsets. I feel that the Government must invest in all the
different sectors of training kike dancing, drawing, sports and many other such cultural aspects
rather than only investing in the educational arena. I am sure that there are several people among
the readers who have been forced to take up some career choices just under the force or pressure
of their families. Some of you might also have heard your parents saying there is not much
opportunity in the field of painting so the only option is to do majors in certain subjects. It is for
these reasons that the Government must try to allocate the investment on different sectors of the
country so that people having different choices can pursue their dreams freely.
Government investment in education can be figuratively speaking of stock. Stocks are a
type of investment people make even if they do not know how they will change. Instead, they see
the stocks' potential. Investors put money on the stock, which can be compared to supports which
government make. The difference is that human potential is more complicated to predict because
the depth of possibility is unknown. Propulsion of government on education is illustrated in
Government Investment in Education: Worth the Cost?_3

4SOCIOLOGY
numberless ways. An increasing number of instructors, supporting with federal student loans,
and offering public servant participation can be representative examples of government's
capitalization. Outcomes of the investmentcan are seen by the increase of national income and
human capital inherent, but they seem to be vague. Since it is hard to demonstrate a clear relation
between capitalization and investment in education, it is hard to prove adequacy as well.
Commonsensically, to measure the productive value of physical capital, differences in wages
among people with different level of education is the easiest indicator. Setting up criteria for my
curiosity, I chose productivity in human capital and growth in national income as a most
influenced factor of government's sowing. However, the Government has to make sure that the
investment for education is taking place in an all-pervasive way. In other words, people living
even in remote areas must be able to avail the opportunities. I feel that the tuition fees is one of
the major issues that people often face while availing the opportunities for education. But there is
a huge disparity between tuition fees in different countries (Ehlen 2015). I remember that many
of the classmates in my college often became dropouts as they were not able to avail the tuition
fees. I wanted to help them but as I was young I could not do much. I still feel that there must be
some discounts or concessions for people who belong to the minor or economically backdated
regions. However, according to data from the OECD’s Education at a Glance report, the United
States, Canada, Australia, Chile, Japan, and South Korea all have annual tuition fees higher than
$4,000.
As the world becomes globalized, higher education to make country competitive has
become a strategy to foster as an advanced country (Winthrop). Higher education leads to higher
competition. If the country produces experts or an influential person who can bring profits to the
society, the society will develop as well. Accordingly, it can be promoted by having higher
Government Investment in Education: Worth the Cost?_4

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