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63.056 - Is the Invisible Hand a Magic Wand? Privatization Versus Public Investments in National Educational Systems

Sun, April 19, 12:25 to 1:55pm, Swissotel, Floor: Lucerne Level, Alpine I

Session Type: Symposium

Abstract

In the past forty years, countries have diverged in their approaches towards fiscal governance, positioning themselves along a spectrum from strong state investments in public education to market-based approaches, with differing results. Symposium participants will discuss case studies of six countries (three geographically proximate pairs) on this spectrum. On one side, Finland, Cuba, and Canada have made strong and equitable investments in public education, including strengthening the profession of teaching. Conversely, nearby nations – Sweden, Chile, and the U.S. – have launched major initiatives with market-based strategies, including funding privately operated schools and employing market-based approaches to teaching as an occupation. Comparing these different approaches suggests that education systems using strong state investments produce higher quality outcomes than employing market-based principles.

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