Early Childhood Education: A Wise Investment Approach for a Better Future

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Title Early Childhood Education: A wise investment approach for a better future. 1. Core message There are many benefits from improving quality in Early Child Education services and the trade-off between affordability and quality in these services should not determine the efficiency of this improvement. Even though this latter issue (affordability versus quality) comes to reality and associated dollar cost might impact on families’ budget, it should be explain benefits from this kind of actions. Recommendations That you Note: 1. Investment in Early Childhood Education services boosts economic performance in the future. 2. Promote participation and ensure children from disadvantaged background are benefit from Early Childhood Education (ECE) services. 2. Key information Outcome from implementation of the National Quality Framework (NQF) cannot be encapsulated to a diatribe of trade-off between quality and affordability of ECE services. Certainly, implementation of a NQF will bring alongside an increase in associated cost to educator providers and, at the end, to families. However, improvement in quality of ECE services will provide a varied of benefits for society in the future and, as such, cannot be restricted to a discussion between quality and affordability. Early Childhood Education: A wise policy Theoretical evidence, such as Human Capital Theory, suggests that implementing public policies regarding ECE systems improvement may bring a variety of benefits to society, since proper education in early stages of life would provide to individuals with appropriate skills to develop themselves through life. Cost-Benefit: An important but not the only determinant factor Among the most important issues while relating ECE policy... ... middle of paper ... .... On the other hand, while considering cost associated of implementing ECE programs, Aos et al. (2004) and Karoly, Kilburn, and Cannon, (2005) give a clue about the performance about these programs. They have reviews several evaluations from the early childhood intervention field, calculated the benefits and costs of these programs and generally have found that some, but not all, of these programs generate future savings to government and benefits to society more generally that are at least as large as the programs’ costs. Additionally, empirical evidence from the US Perry Preschool Program shows that by the time participants were 40 economic returns was US$ 244,812 per participant on an initial investment of $ 15,166. Hence, these programs have demonstrated to be cost effective, and the policy overall to be clever in further developing full potential of children.

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