Year:2021   Volume: 3   Issue: 6   Area: Education

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Amneh ZAHRAN

PUBLIC SPENDING ON EDUCATION AND ITS ROLE IN PROMOTING ECONOMIC GROWTH -SINGAPORE IS A MODEL-‎

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. ‎

Keywords: Public Spending, Economic‎,‎ The Growth

http://dx.doi.org/10.47832/2757-5403.6-3.30


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