Enhancing Education Effectiveness: In Which 'Education' Should Society's Hard-Earned Money Go? (original) (raw)

This paper is exploratory in nature, and has the objective of examining the determinants of educational effectiveness as a pathway to identifying how countries should allocate public spending on education. The paper is based on a review of extant literature and analysis of statistics on education attainment, employability, and rate of unemployment of workforce with different levels of educational attainment. Tentative findings point to both national context and international factors playing an important in influencing the proportions of public spending on education should go to elementary, non-vocational higher education and vocational education. National context determines the policy priorities, which education is only one of the sectors that ensures the achievement thereof; underpin cultural, social and political and economic realities that determine societal values, traditions that must be acquired and transferred from one generation to the next, skillsets that are needed to crea...