2 leading countries in the budget for education investment

The quality of education is one of the criteria that govern the progress of an individual, or a society, as well as the development of an entire nation.


Therefore, living in a country with a high investment rate in education will surely make a difference in the lives of any student.

Let’s take a look at the four countries of the OECD (Organization for Economic Cooperation and Development) that currently have the largest level of investment in education in the world, to see the importance of this field to the development of every country.

England

Considered one of the most outstanding educational countries in the international academic community, the UK has always been a potential and favorite destination for international students.

According to the document “Education at a Glance 2017: OECD Indicators” – published by OCED, the UK is ranked in the list of countries with the highest investment indicators for education in 2014 – with about 6.6% from GDP is set aside as an investment budget for all levels of education from primary to tertiary.

The UK is also known for investing millions of pounds in children’s education and promoting social mobility (- promoting the personal and social development of many communities, directly contributing to the community on improving population productivity and boosting the country’s economic growth.).

According to a document published by the British government’s official website in August 2018, the country is undertaking an initiative focused on supporting early childhood education and development. In addition, the report reveals that the government is investing a £30 million fund into a social action plan to create high-quality kindergartens for children’s education.

Denmark

For this European nation, investment in education has become a machine for social, economic and human development.

According to data provided by the OECD in 2014, Denmark spent 6.5% of its GDP on the education sector, of which 4.5% was for primary and secondary education – this is considered the the highest investment in the region.

The Danish government considers investing in primary and secondary education the most important, as this is the necessary period to build and improve students’ awareness before going to university. These are also two compulsory levels for children from 6 to 17 years old.

Education in Denmark is almost entirely subsidized by the government. In addition, there are still training programs, private universities and fee collection.

For higher education, the monthly student support policy is a positive but controversial policy within the government. Despite the criticism, this policy is maintained by the success and international reputation that Danish education has gained over the years.

The success of educational management in this Nordic country is due to the cooperation between the Ministry of Education and the Ministry of Science, Technology and Innovation. These are the two agencies that are jointly responsible for designing and planning the implementation of educational programs with the participation of teachers and students who directly influence the quality of the training and its quality.