If you create jobs in an area, then people have the economic power to come together and hire teachers and create a school. If an external party, such as government, creates the school, the school will be focused on the agenda of that third party.
Education isn't a commodity like cotton. Pretty much all cotton is the useful as cotton. Much of the education in first world countries is focused on keeping people down, dependent, and unquestioning.
Every decade the schools teach less, and in less detail. It is pretty scary. (I expect to be downvoted because I believe most participants on HN are college students or recent graduates who haven't had enough time out of college to get the perspective that results in these conclusions.)