This document discusses the relationship between education and socioeconomic development. It argues that education is a critical input for development by increasing individuals' productivity and prioritizing human capital formation. The document also notes that economic growth creates new demand for education as occupations evolve, making diversification of education necessary. This includes introducing non-formal and vocational programs to compensate for shortcomings in formal schooling. Diversified education can contribute to development by generating jobs, increasing worker productivity, fostering technological creativity, and equalizing incomes and status. Both short- and long-term effects on individuals and society must be considered.