UK's education system is key to future investment

The global financial crisis has strong effects in different life fields. Education
is one of the most important fields that we have to focus on; therefore we decide
to find out these effects on education. This paper will talk about the global
financial crisis in general, then it will take a look on the importance of the
education and will study the impacts of the global financial crisis on education by
comparing the situation of education before and after the crisis.
The global financial crisis has strong effects in different life fields such as
economy, health, education, research, management, politic, culture, social and
technology.
During the financial crisis period an examination on school children shows that
poor households are affected by the crisis more than others, so that they are
spending reductions with more young children, while there was a tendency to protect
education, with older children. Poor households prefer to protect investments in
the schooling of older children at the expense of the education of younger
children.
There are many criteria that put the education systems under difficult situations
such as political interference, student�s structure changes, technical and social
changes, the lack of resources, old concepts and research methods, increasing
demands for education institutions, corruption, over-centralizations, a lack of
school autonomy, underdeveloped managerial capacity and poor information system. We
can summarize the most prone factors to the crisis in five points: Lack of
equipments and standard learning tools, weak management, job insecurity, lack of
motivation for learning among students, having tendency for getting documents
rather than getting the knowledge.
When consider these challenges, some ideas can be suggested to be able to face them
to reduce the impacts of the crisis on education area as much as possible, such as
giving attention to research units in educational institutions, applying systems in
universities and other educational units that aims to come up with some useful
ideas like multipurpose universities, practical workshops, not for only students
but also for different society categories.
So due to the importance of education especially the higher education and research
units, governments should always put the education in the first place and give it
enough support and a large share of the funding.