Abstract

This article examines the contribution made by the school system in Bangladesh using primary data gained form a small scale of research. Secondary data also supplements. Both formal and informal education gained from society and other sources are considered. Findings show that primary education contributes mainly for social development. Secondary provision also contributes for social development; a small contribution for economical development is also noted. Higher Education (HE) consumes a large portion of public and private fund to ensure economic development. Unfortunately, because of existing job pattern in Bangladesh and requirements placed for recruitments, contribution from HE is not satisfactory. Overall conclusion suggests that there is a scope for development at each provision. This study also advocates an urgent need to conduct a broader study on this issue to make the education system more effective towards the development.

Key words: Rate of Return (RoR), investment in education, informal education, employment market, manpower planning, economic return, social return.