It is known today that we live in a knowledge economy. Knowledge is more important than ever. It is seen as a national strategy and a source of competitive advantage. Indeed, education is one of the most important ways to reduce poverty and inequality and lay the foundations for sustainable economic growth. Investing in systematic general education is only the first step towards that goal. Creating knowledge through research institutes and then through research and development is an excellent path to intellectual capital and, consequently, economic growth. Highly qualified employees are needed for the growth of new companies and innovations. Growing new businesses could never be started without staff with the necessary skills and knowledge to carry out innovative, usually high-tech work. In this work, I have tried to examine the impact of investments in education, research and development on economic growth. I have found that investing in education has positive effects on economic growth. The importance of education and a skilled workforce is particularly evident in the high-tech sector.
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