As for some more practical applications of investment in education, it would be profitable in terms of increase of professionals’ rates in UAE. The development of education multiplies professional opportunities for young people and helps them to become specialists in what they want to do. This means that when young people understand that all the spheres of studying are developed enough and could provide them with educational opportunities and career perspectives, they do not even consider other countries as their educational options. In addition, investment in education keeps labor rates in stable positions (Jorgenson &Fraumeni 1989). The phenomenon of brain drain often happens because young people do not see any educational perspectives for further staying in their own country, so they move to another country in order to get a better education in their chosen realm. Then they become professionals in what they do and get hired on some well-paid positions in foreign countries, so they decide not to come back. I believe this problem also exist in UAE because many talented young people move to other countries, which would not be happening if UAE education had a better financial support.
If UAE education receives more funds and starts developing rapidly, the country will attract many young people from every part of the world who would be glad to obtain a high-quality education in UAE. This would be profitable for both the country’s international image and an increase of intellectual and professional cadres. ...Show more