Financing education in developing countries: an exploration of policy options
Publisher: World Bank ; Washington D.C. Description: 67 pSubject(s): EDUCATIONAL FINANCING | EDUCATION | FINANCING | DEVELOPING COUNTRIESSummary: Current financing arrangements result in the misallocation of public spending on education. While the average dollar invested in primary education gives twice the returns that the higher education does, higher education is heavily subsidized, and at the expense of primary education. Three options of remedy this are proposed. They include (1) reallocating government spending on education towards the level with highest social returns, (2) developing a credit market for education together with selective scholarships, especially in higher education,(3) decentralizing the management of public education and encouraging the expansion of private and community-supported schools.| Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| Grey Literature | National Documentation Centre General Collection | 00046-GG (Browse shelf) | Available | 1152 |
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Current financing arrangements result in the misallocation of public spending on education. While the average dollar invested in primary education gives twice the returns that the higher education does, higher education is heavily subsidized, and at the expense of primary education. Three options of remedy this are proposed. They include (1) reallocating government spending on education towards the level with highest social returns, (2) developing a credit market for education together with selective scholarships, especially in higher education,(3) decentralizing the management of public education and encouraging the expansion of private and community-supported schools.
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