Financing Education: Investments and Returns Analysis of the World Education Indicators 2002 Edition (Complete Edition - ISBN 9264199713)
As individuals and nations increasingly recognize that high levels of knowledgeand skills are essential to their success, spending on education isincreasingly considered an investment in the collective as well as individualfuture. Investment in human capital has thus moved to centre stage in thestrategies of WEI countries to promote economic prosperity, better-skilledlabour forces, social cohesion and other positive individual and socialbenefits. However, investment in education competes with other public andprivate demands and often faces severe constraints. The challenge of expandingeducation systems while maintaining education quality and equity-related aimsseems inextricably linked to questions of education finance.
This volume is the third in a series of publications that seeks toanalyse theeducation indicators developed through the OECD/UNESCO World EducationIndicators (WEI) programme. The volume examines both the investments andreturns to education and human capital. It begins by looking at theresults ofa specially commissioned study of the impact of human capital on economicgrowth in WEI countries which shows new findings relative to those found instudies of OECD Member states. It also sets out the context for trends ineducational attainment as well as current levels of educational participationand expenditure in WEI countries. The report addresses the financing ofeducation systems by examining spending and investment strategies in WEIcountries from both public and private perspectives. It looks at the rationalefor public spending, how public resources are distributed across levels ofeducation and the role of the private sector both as a provider of educationalservices and a source of educational expenditure. A national statisticalprofile that sets out selected contextual and finance indicators against bothOECD and WEI benchmarks, together with a comprehensive statistical annexcovering both WEI and OECD countries, complements the analysis.
The countries participating in the OECD/UNESCO WEI programme are: Argentina,Brazil, Chile, China, Egypt, India, Indonesia, Jamaica, Jordan, Malaysia,Paraguay, Peru, the Philippines, the Russian Federation, Sri Lanka, Thailand,Tunisia, Uruguay and Zimbabwe.
Page Count: 235 Figure Count: 118 Table Count: 42
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Document Type: Review Article
Publication date: March 1, 2003