Lifelong Learning in the Age of Fourth IR

Abstract

It is stated that education is the backbone of a nation. Importance of education to make a knowledge based society is unquestionable. Therefore governments are tired to increase percentage of educated people of their citizen. Education gets a significant amount of budget of all countries around the world. Developed countries spent 4-6 % of respective GDP in education. But countries like Bangladesh are unable to allocate enough resources but they are also spending around 1.5 – 3 % of respective GDP in education sector. As a result satisfactory results are coming in terms of primary school enrollment rate, rate of primary graduations, and female participation in education etc. c6ategories. Government is encouraging private sector entrepreneurs to invest in education sector in Bangladesh. As a result number of higher education institutions i.e. number of universities are in total above 140 in the country now. It has a significant contribution to ensure inclusive higher education during last two decades. Private sector investment in education sector especially in Private University, Medical College and Technical Institutes are contributing to stop brain-drain as well as save valued foreign currency spent earlier for higher education purpose. Not only saving foreign currencies Bangladeshi tertiary education sector is attracting foreign students and earning foreign currency too.