The Impact of Educational Development on the Economy in China and the United States

Abstract

For a long time, investment in education and economic development has been the focus of attention in education and economics, since the 19th century, investment in education in the West, has been recognized by professionals as one of the indispensable elements to promote economic development, this study will analyze and compare the differences between China and the United States in education, the strengths and weaknesses of the two countries' direct education, and its how it affects and promotes its economic development, and research for the investment in education in China and the U.S., its share of GDP and the relationship between the per capita GDP of each country to compare. It confirms the conclusion that education promotes economic development and that China's investment in education has a higher rate of return than that of the United States. Finally, it also points out how China can improve the existing education environment, and how to improve some of the current education policies that are not fully in line with the development of the times, in order to actively and effectively promote China's economic development in the long term.