Academic qualification is directly and strongly linked with the "knowledge". If we look at the world history it is very much obvious that ruling the world has always been attached with the knowledge possessed by a nation at that time. For example if, at present, America is a superpower and every one feels proud to get educated from there it is a recognition to their knowledge, which is a reflection of academic qualifications and achievements attained by the American people. Likewise when Muslims were in power, it was also due to their knowledge in different fields.
In short, we can say that academic qualification is a token or way of being recognized as a source of knowledge which leads to the commanding position in the world.
