There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

With university education being upper most level in the education system of the Belgium, the government has put more emphasis to make sure that the students’ lives is made as simple as possible through the loan and grants programs. They offer sponsors for international students with poor and vulnerable backgrounds who would like to study in this country.