Research Information System
Espacios, vol.40, no.26, 2019 (Scopus)
We get the knowledge and skills necessary to solve daily problems from high-quality education. Education is an important factor in reducing poverty, stimulating economic growth, achieving gender equality and social development of the country. Over the past decades, developing countries have started to actively invest in education. Despite the increase in education expenditure and school enrollment rates, the level of education in developing countries is still low. A feature of education financing in developing countries is the pattern of education expenditure. In developing countries expenditure per student has been reoriented towards higher education. Investment in education is one of the most important types of public investment in the social sphere. The purpose of our research is to conduct a comparative analysis of the status and trends in the education cost structure changes in developing countries. In our research we have proposed a scale that makes it possible to select 4 quadrants with different ratios of GDP growth rates and the growth rate of education contributions. These indicators help to assess current social and economic situation in the educational sector of the country. The most favorable are quadrants 3 and 4. Quadrant 2 requires further study, while Quadrant 1 indicates a low level of social and economic development of the country. Belarus and Azerbaijan are in the first quadrant. These countries are characterized by a negative situation in the field of education. The average growth rates for the period under review are close to zero, while GDP growth is also low. Kenya, Benin and Uganda are in the third quadrant, which is characterized by higher GDP growth rates. This may indicate the positive dynamics of economic development, but their contributions to education are not sufficient either.