Education for Development: An Analysis of Investment Choices

This book analyzes the policy issues facing educational planners, administrators and policy makers in developing countries in choosing between alternative strategies of educational investment. It draws on the World Bank's twenty years of experience in education sector analysis and research to discuss both theoretical and practical problems of analyzing investment choices. The topics covered include: the contribution of education to economic and human development, criteria for investment, cost-benefit analysis, demand for educated manpower finance, internal efficiency and quality, equity considerations and the links between investment in education and investment in other sectors. No comparable work exists which deals solely with the problems of analyzing education investment in developing countries. While written for those involved in policy formulation and planning, it does not assume a high degree of technical knowledge of economics.