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political component
yes
Is very important, 'cause the more educated you are, you earn more money and you pay more taxes also the culture of the people is the face of a nation.
One of the most important duties of the president is to serve as the chief executive or chief administrative officer of all government agencies. As such he is the chief executive of the nation.
Considering they interpret and apply the laws of that nation...i would consider it just as important.