By Derek Glover
This ebook outlines the transforming into realizing of monetary and source administration in colleges and schools, explaining the context of an open structures version and the consequences of this for source allocation at nationwide and institutional degrees. inside this framework, the authors ponder source making plans, budgeting, and keep an eye on and evaluate, as well as the actual problems with asset administration and stewardship. The e-book uses present literature, in addition to drawing upon examples from foreign perform throughout.
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Extra resources for Educational Resource Management: An International Perspective
The private rate of return to education is considered as the average percentage increase in earnings gained by a student moving from one level of education to the next higher level. Variations are shown: for the UK this was an average of 18 per cent increase in 2004 compared with levels in 2000, for Hungary 17 per cent, for Belgium 12 per cent, and for Sweden and Denmark 8 per cent (OECD 2006). While these variations may be the result of differing labour market conditions, they still constitute a private inducement to proceed to higher levels of education.
In a recent article, he presents evidence to show that it is not the number of years of schooling (or quantity of education) but the nature of teaching and learning (or quality of education) that has the greatest effect on employment and earnings potential. This investigation involved relating estimates of countries’ cognitive attainment (based on international comparative tests since the mid-1960s with economic growth). He argues that, ‘there is mounting evidence that quality measured by test scores is directly related to individual earnings, productivity, and economic growth’ (Hanushek 2006: 449).
This may lead to a situation where central government politicians attempt to put the needs of their locality before the national good (known as pork barrel politics) as they seek to buy local political support. One feature of developing countries is that the central area in and near the capital tends to have better resourced schools even when funding comes from central government grants. Azerbaijan and Ghana are examples. To operate equitably and transparently, central government funding of local government requires well-managed administrative systems with good accountability relationships.