The economics of education in Bophuthatswana

Abstract

Education usually correlates with economic development. In the transformation process of any traditional society education is most often assumed to provide the solution to or stimulus for development. Many governments are convinced that education or, more generally, capital investment in human beings contributes as much to economic growth as does investment in capital equipment. As a result the proportion of public expenditure on education in developing countries is often very high. This paper is an attempt to point out what the effects of public expenditure on education in Bophuthatswana are, given constraints such as economic efficiency and equity. In Bophuthatswana these economic effects of education tend to go beyond the borders of the country.

Notes

Senior Lecturer, Department of Economics, School of Administration and Management, University of Bloemfontein.