Open AccessPUBLIC SPENDING ON EDUCATION AND ITS ROLE IN PROMOTING ECONOMIC GROWTH -SINGAPORE IS A MODEL-
Author(s) -
Amneh ZAHRAN
Publication year - 2021
Publication title -
international journal of humanities and educational research
Language(s) - English
Resource type - Journals
ISSN - 2757-5403
DOI - 10.47832/2757-5403.6-3.30
Subject(s) - scarcity , human capital , perspective (graphical) , order (exchange) , economic growth , descriptive statistics , human resources , public sector , public relations , economics , business , political science , management , finance , economy , market economy , statistics , mathematics , artificial intelligence , computer science
This Study attempts to demonstrate the importance of public spending on education in supporting economic growth, in light of the accelerating knowledge and technological development, and to shed light on the bilateral relationship between public spending on education and economic growth, by addressing Singapore's experience in this field for the years (2009-2019). With a comparison, , to the situation of the education sector in the Arab countries and the amount of spending on it. The study used the descriptive analytical method and was based on the analysis of statistics, data and reports emanating from the World Bank and the Organization for Economic and Development. Singapore's experience can be considered a pioneering experience in investing human capital through training it in various educational stages and finding a place for every student, regardless of their capabilities, in order to advance society despite the scarcity of natural resources. Through this perspective, some recommendations can be put forward that contribute to supporting economic growth in the Arab countries: Studying the needs of the labor market. Emphasizing the importance of technical education and encouraging students to join it. Providing qualified educational cadres capable of identifying students' needs and providing them with the skills and knowledge that will enable them to adapt to the rapid changes.