Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries.

FIGURE 1: 35000 United States Education system Ireland. Norway Literacy 0.78 Primary teacher/pupil 0).75 Switzerland R- = 0.69 30 000 Secondary enrolment 0.88 Tertiary enrolment 0.88 Austria . Netherlands Denmark of total variance 67.7 United Kingdom.Canada Belgium Australia Japana .France 25000 Germany Italy FinlandSweden Singapore Spain Israel 20 000 New Zealand Taiwan Greece GDP per capita Portugal Czech Rep. Korea Slovenia 15000 .Hungary Saudi Arabia Argcorinn Estonia Croatia Poland 10 000 South Africa. Malaysia *Chile Uruguay . Lithuania Mexicox y .Latvia Iran Turkey Brazil Russia .Bulgaria 5000 Algeria Belarus China Jordan Ukraine Morocco . Indi"Zimbabwe _ Indonesia Armenia Pakistan Nigeria Georgia Tanzania Kenya Vietnam Moldova Kyrgyzstan O+ -3.0 -2.5 -2.0 -1.5 5-1.0 -0.5 0.0 0.5 1.0 1.5 2.0 Education system Europe x North & South America Asia & Oceania _ Africa Figure 4.2 GDP per capita and education system over 2000-2004