ECONOMIC DEVELOPMENT

If you take a human capital view of economic development, it’s fairly straightforward: if you
invest in people’s education, then incomes will develop. But that presupposes that people are going to
get jobs and that there’s something that’s actually driving the development. So part of the attempt to
talk back to that from an innovation approach is to ask: how do jobs get created? In this kind of
argument it’s not just thinking about supplying the education, it’s saying that knowing where the
possibilities for an economy to specialize and develop are going to be important in thinking about how
economic development takes place.

Along with the advancement happening in the context of our locality it can be gleaned that ACLC
College of Marbel contributes to the local economic development through its graduates , and students.
As benefactors they avail scholarship sponsord by theHEI’s and local government which sustain n the
school’s revenues . The graduates were accepted to supply needed workers in the private and
government offices hence, the local economy is sustained through this intances.