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Home arrow Geography arrow Global Perspectives on Human Capital in Early Childhood Education: Reconceptualizing Theory, Policy, and Practice

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The Regime of Benefit-Cost Ratios

The particular conceptualization of early education as an investment in certain qualities of human beings with an expectation of higher future return leads to, and goes hand in hand with, the cost-benefit analyses of early education. The TUSIAD report (2005, p. 16) utilizes a variety of international evidence from the United States to Egypt and from Bolivia to Jordan in order to make a claim that the benefit of early education is well above the cost. The benefit- costratios presented in the report function as a “transparent” and “self-evident” truth—that is, early childhood education is a sound economic investment. The report writes that the Perry School Project in the United States, for example, has saved US$7 for every US$1 invested. The benefit-cost rate for the Abecederian Program was calculated as 4. While the return rate of the PIDI program (Proyecto Integral de Desarrollo Infantil) in Bolivia is 2.26, in Egypt, this rate is found to be between 1.20 and 5.81. The cost-benefit analysis of early education programs in the context of Turkey is undertaken by Kaymaz in 2005. According to Kaymaz, early education programs in Turkey provide return rate of 2.1 to 6.3. Further, if these programs have a parent education component, Kaymaz claims, their return rate becomes even higher.

 
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