ERIC Number: ED449545
Record Type: Non-Journal
Publication Date: 1999-Mar
Reference Count: N/A
Investing in Public Education: The Importance of Schooling in the New Global Economy.
National Education Association, Washington, DC. Research Div.
In the emerging economy, access and control of information and technology will greatly determine individual and national economic accomplishments. Two primary purposes of public schools--transmitting cultural values and providing socially beneficial knowledge--explain the substantial contribution of public education to employment, earnings, and equality of opportunity. Composing 49 percent of national totals, state taxes finance schools, in most states through minimum foundation programs, and in others with percentage-equalizing, flat grant, and full state funding programs. At 44 percent of the total, local property taxes remain major sources of funding in spite of tax limitations in more than 40 states. At only 7 percent, federal support is targeted to students with specific needs, such as Head Start and school-lunch programs. Expenditures continue to rise because of inflation, expanding roles for education, improved teacher quality, and lower student-teacher ratios. Continuing investments in public education are essential. Global changes are driving a transition toward a service-oriented economy in the U.S., and the declining importance of natural resources and capital, combined with technological changes, make public education the only factor of production allowing continued success. Private-sector models such as charter schools fail to balance important equity concerns with efficiency. Investment in public education, reducing class sizes, more rigorous curricula, higher graduation requirements, and teacher training support equitable and efficient use of resources and promote prosperity. (Contains 13 references.) (TEJ)
Descriptors: Economic Change, Economic Impact, Economic Opportunities, Educational Finance, Elementary Secondary Education, Federal Aid, Financial Support, International Trade, Investment, Professional Development, Public Education, Public Policy, Quality of Life, School Districts, School Support, State Aid
NEA Professional Library, Distribution Center, P.O. Box 2035, Annapolis Junction, MD 20701-2035. Tel: 800-229-4200 (Toll Free).
Publication Type: Numerical/Quantitative Data; Reports - General
Education Level: N/A
Authoring Institution: National Education Association, Washington, DC. Research Div.