Skip to main content

Government Spending on Education: Reactions to Economic Crisis

Buy Article:

$40.00 plus tax (Refund Policy)

In this paper, the authors identify the causes and analyze the governmental responses in education spending of the Latin American Crisis of the 1980s and the East Asian Crisis of the 1990s in order to gain perspective on the current recession and recovery spending in the United States. They first identify three reasons governments choose to invest in education: a dedication to education as a public good, a domestic economic necessity, and a reaction to a globalized high-skills marketplace. Cases in Latin America and East Asia are explored within this context, and parallels and distinctions are drawn between these two regions and the United States. The overall lesson learned from past economic shocks, the authors conclude, is that government spending response must prioritize education with deliberate and targeted expenditures designed for long-term social and economic returns.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Keywords: East Asia; Latin America; economics of education; education spending; financial crisis; recession

Document Type: Research Article

Affiliations: University of Southern California

Publication date: 2010-01-01

More about this publication?
  • World Studies in Education is a bi-annual, refereed, international journal offering a global overview of significant international and comparative education research. Its focus is on educational reforms and policy affecting institutions in the global economy.
  • Editorial Board
  • Information for Authors
  • Submit a Paper
  • Subscribe to this Title
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more