ABSTRACT

Some economists said that education will cause economic growth and reduce income was quickly adopted by politicians and business interests. Making knowledge a function of business interests, particularly in the exploding technology sector, the organization promoted the use of information and communications technology (ICT) in global schools. Since soft skills were high on the list of needs, human capital theory offered the opportunity for businesses to demand schools teach work habits and dutifulness wanted by global corporations. Businesses endorsed human capital theory because it gave an argument that schools should be teaching the hard and soft skills that they wanted. The confluence of business interests, politicians, government officials, and educators resulted in the attempt to control the social capital of families. World Bank loans and policies created a confluence of corporate global interests, free market economic and rational choice theories, local education leaders, and local politics.