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This report compiles a rich set of previously unavailable data to define where the education sector in Albania has evolved, what key challenges remain, and the priority areas for action by the Albanian government. The report finds that four broad tasks must be tackled to improve education. The country must: 1) increase enrollment rates with the goal of achieving truly universal education in primary and lower secondary schools, and reversing the actual trend of decreasing secondary enrollment; 2) improve the quality of education, which requires developing human resource policies--such as teacher development programs and improved salaries--that will attract good teachers and give them incentives to perform well in classrooms; and providing an adequate physical school environment, which means, among other things, renovating and adequately maintaining school buildings; 3) increase public spending on education, which requires developing clear priorities and reducing relative spending on tertiary education; providing constant and reliable funding to support the identified policy priorities; and increasing spending on non-wage expenditures and investments; and 4) make better use of teachers and schoolsby decentralizing decisionmaking and responsibilities that are more reasonably delegated to the local level.
"Financing Education is intended for students, faculty, and policymakers in the economics of education, in school finance, and in the financing of higher education. Those in educational administration who are concerned with the management of retrenchment and who are aware of the important role of innovation and new research in reducing costs, meeting society's needs, and adapting to change should also find it interesting and suggestive."--From the preface
Discover the intersections of finance, innovation, and equity in education across the globe. "Funding Futures Education: Finance, Innovation, and Equity" takes you on a comprehensive journey exploring the economic underpinnings of educational policies and their impacts on various global contexts. This book delves deep into how economic theories guide the transfer of educational policies across cultural lines, revealing both the financial barriers and opportunities that shape these endeavors. The narrative starts by examining how educational policies are adapted in diverse cultural settings, focusing on cost-effectiveness and the financial feasibility that influences policy success or failure. As we move through the chapters, the book addresses the pressing issue of the digital divide—analyzing its financial implications and the strategies that can bridge this gap through innovative funding solutions. Further exploration leads to an insightful discussion on the financing of teacher training and professional development, emphasizing economic barriers in developing countries and showcasing cost-effective models that promise sustainability and improved educational outcomes. The connection between education and social mobility is scrutinized through economic lenses, providing a detailed comparative analysis of how educational investments can alter socio-economic dynamics across different regions. The book also tackles gender disparities in STEM education, presenting an economic analysis that looks at the societal norms and financial incentives influencing gender participation in STEM fields. This is complemented by a critical examination of the political economy surrounding educational reforms, where financial strategies are devised to navigate the complexities of political and economic challenges in reform implementation. As the chapters unfold, "Funding Futures Education" ventures into discussions about public and private funding models, the unique challenges faced by small island developing states, and the role of technology in enhancing economic efficiency within educational systems. The book doesn't shy away from the sensitive topics of language policies in education, providing a robust cost-benefit analysis of bilingual programs and the financial impacts of preserving language diversity. Each chapter is meticulously crafted to offer insights into how public-private partnerships can revolutionize STEM education globally and how educational finance can be reformed to enhance global competitiveness. By synthesizing economic theories with real-world applications, this book not only serves as an academic resource but also as a guide for policymakers, educators, and financial strategists dedicated to fostering equitable and quality education worldwide. With "Funding Futures Education," readers are invited to rethink educational finance through a lens that values equity and innovation, providing a blueprint for future reforms that aspire to balance educational quality with economic viability. This book is a call to action for anyone invested in crafting sustainable educational policies that do not just react to global economic pressures but anticipate and creatively overcome them.
These modules on educational financing evolved from a series of seminars held in the small states of the Caribbean and the Pacific. The project was set up to improve the financial understanding and budgetary skills of key educational personnel and to help bridge the gap between finance and education ministries. With greater decentralisation a common development in most countries, responsibility for planning and administering education has shifted from central ministries to district offices and, in some cases, to educational level. This autonomy underscores the challenges for other key educational personnel to acquire the skills to improve the internal efficiency of education systems and the quality of schools in a decentralised system.This publication provides overviews of the issues raised, detailed content relevant to those issues, case studies, training material and summaries. These modules should be a useful source of information for ministries, schools, community personnel and researchers and will promote a greater understanding of the scope and relevance of educational financing.