Chapter

Effective Financing

Alexandria Valerio and Marito H. Garcia

in Handbook of Early Childhood Development Research and Its Impact on Global Policy

Published in print January 2013 | ISBN: 9780199922994
Published online January 2013 | e-ISBN: 9780199980420 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199922994.003.0025
Effective Financing

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Early childhood development (ECD) is a fundamental building block in the formation of human capital. A wide body of research demonstrates the economic and social returns to investing in ECD. Although the benefits of investing in ECD are well established, competing demands for funding often pit these investments against other social and economic priorities. As a result, countries face critical ECD finance shortfalls, which impact the quality, comprehensiveness, and coverage of ECD services. This chapter seeks to present policymakers and researchers with a conceptual framework that provides a set of normative elements of effective ECD finance. In the absence of a single ideal and replicable model for effective ECD finance, we set forth three elements to serve as normative elements for evaluating the effectiveness of an ECD finance strategy: sustainability, equity, and administrative simplicity. We argue that policymakers must effectively balance these three interrelated elements within their unique contexts in order to adequately support their ECD objectives.

Keywords: ecd effective financing; ecd cost and financing; ecd finance framework

Chapter.  6858 words.  Illustrated.

Subjects: Developmental Psychology

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