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Rethinking the Finance of Post-Compulsory Education

2010

Throughout the world, the finance of education is in serious crisis. The crisis of educational finance is not limited to the problem of meeting the obligations of societies to provide some minimum amount of compulsory education for their students. This minimum does not assure the preparation of an appropriately trained labour force in a world that is increasingly technicological and in which a competitive economy requires the remplacement of traditional production processes with others based on sophisticated labour and capital. The rapid growth of post-compulsory systems of education is no longer a luxury, but a necessity for industrialization and economic development.

Economic growthHigher educationmedia_common.quotation_subject[SHS.EDU]Humanities and Social Sciences/Education[SHS.EDU] Humanities and Social Sciences/EducationDiversification (finance)0211 other engineering and technologiesDeveloping countryPost compulsory02 engineering and technologyFunding MechanismDiversification (marketing strategy)Human capitalEnseignement post-obligatoireEnseignement supérieurUnit (housing)EducationState (polity)Educational financeOrder (exchange)0502 economics and businessEconomics050602 political science & public administration050207 economicsEducation economicsmedia_commonFinance021110 strategic defence & security studiesbusiness.industry4. Education05 social sciences1. No poverty050301 educationPublic institutionPrivate sector0506 political scienceFinancement de l'enseignementResource allocationBusinessCost of living0503 educationDeveloped country050203 business & management
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