Globalizacion En Norteamerica

Benefit Evaluation over Higher Education
The international never ending debate of education in the 21st century along with the analysis and proposals for a better panorama in many aspects likepersonal investment or social distribution of opportunities has opened space for doubt and controversy within public and private educational institutions. In a normal scenario at any part of the world allthese arguments could be solved with of simple common sense, the answer is almost obvious: the formation of professionals responds to social demand which is always present and generates economic andcultural benefits for the society as a whole.
In the article “Where is the Best Place to invest $102,000 -- In Stocks, Bonds, or a College Degree?!” Michael Greenstone and Adam Looney support theoption of investing in college over many others like direct investment in bonds or the stock market. I share their thoughts towards the value of a college degree, even if the option is affected by manyexternalities that need to be considered. I think that $102,000 dollars is generalizing many externalities that define whether or not is worth it to spend this amount of money for many differentstudents. Externalities that should be considered for a better approach are scholarships, economic growth, government investment in education, labor market, etc. Each individual smart enough to go tocollege should be capable of fixing those “102,000” to their convenience. However, the economics significance of this average is huge; Greenstone and Looney provide numbers showing big gaps betweensalaries of high school and college graduates. These individuals are competing in imperfect capital markets. Efficient Human capital is the key for success in today’s globalized world. A social filter isautomatically created, for example, the labor market is guided now by ability bias within theories like signaling or the sheepskin effect, which provide organizations with assumptions of quality...