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You Have Been Hired as an Economic Advisor for a Developing

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Essay

You have been hired as an economic advisor for a developing country.You have been asked to focus on education as a means for the country's development.Explain to the prime minister how improving education and training can contribute to his country's economic growth,and why it is important for the government to take a proactive role in promoting education.


Definitions:

National Saving

The total amount of savings in a country, consisting of both private savings by households and public savings by the government.

Government Budget Deficit

The financial situation where a government's expenditures exceed its revenues, leading to borrowing or debt accumulation.

Exchange Rate

The exchange rate of one currency to another.

Yen

The official currency of Japan, symbolized as ¥ and known in finance as JPY.

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