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Financing For Life Long Education:For Real GDP Growth In Jamaica

Author

Listed:
  • Peter W Jones

    (Economic Development Institute)

Abstract

In order for Jamaica to transition from a Developing Country to a Developed Country it will be highly necessary to create a Knowledge based society, the inability to seriously overcome this challenge will mean Jamaica will be in transition to a developed country for an infinite number of years. A lifelong learning framework encompasses learning throughout the lifecycle, from early childhood through retirement. It encompasses formal learning (schools, training institutions, universities); non- formal learning (structured on-the job training); and informal learning (skills learned from family members or people in the community). It allows people to access learning opportunities, as they need them rather than because they have reached a certain age. Lifelong learning in Jamaica is an important policy topic for government. This assumption is based on the impact of additional training on economic growth and on income distribution, particularly in an age when previously acquired knowledge is depreciating faster than before.

Suggested Citation

  • Peter W Jones, 2005. "Financing For Life Long Education:For Real GDP Growth In Jamaica," Development and Comp Systems 0511022, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0511022
    Note: Type of Document - pdf; pages: 37
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0511/0511022.pdf
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    References listed on IDEAS

    as
    1. Chapman, Bruce, 1997. "Conceptual Issues and the Australian Experience with Income Contingent Charges for Higher Education," Economic Journal, Royal Economic Society, vol. 107(442), pages 738-751, May.
    2. Hessel Oosterbeek, 1998. "Innovative Ways to Finance Education and Their Relation to Lifelong Learning," Education Economics, Taylor & Francis Journals, vol. 6(3), pages 219-251.
    3. Palacios, Miguel, 2003. "Options for financing lifelong learning," Policy Research Working Paper Series 2994, The World Bank.
    4. Barr, Nicholas, 2001. "The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State," OUP Catalogue, Oxford University Press, number 9780199246595.
    5. Bruce Chapman, 2007. "Higher Education Financing in Australia," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 5(2), pages 55-61, 07.
    6. Oosterbeek, Hessel & Patrinos, Harry Anthony, 2008. "Financing lifelong learning," Policy Research Working Paper Series 4569, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Political Economy and Comparative Economic Systems

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