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Libro Blanco Vol I en Ingles

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TOWARDS A NATIONAL INNOVATION STRATEGY FOR COMPETITIVENESSVOLUME 1stud<strong>en</strong>ts dep<strong>en</strong>d on public funding contributions for their education.Since the idea is to make the creation of human capital on a large scale viable, it is necessary tocomparatively analyze public funding for education, giv<strong>en</strong> that it is unlikely that much more family resourcescould be provided in the case of stud<strong>en</strong>ts from the three poorest quintiles. Let’s look at the evid<strong>en</strong>ce; wh<strong>en</strong>making international comparisons, it can be<strong>en</strong> se<strong>en</strong> that public sp<strong>en</strong>ding on education as a perc<strong>en</strong>tage of GDP[See Figure 8] and, moreover public sp<strong>en</strong>ding on education per person of school-going age, as a fraction of percapita income [See Figure 9], falls below the levels of refer<strong>en</strong>tial developing countries.Table 1Public sp<strong>en</strong>ding perstud<strong>en</strong>tPrivate sp<strong>en</strong>ding perstud<strong>en</strong>tTotal sp<strong>en</strong>ding perstud<strong>en</strong>tIncome Quintile (Ch$)I II III IV V500,412 477,987 441,687 411,686 276,40490,352 167,486 341,002 550,402 1,426,727590,764 645,473 782,689 962,088 1,703,132Source: Marcel M. And C. Tokman, Public Finance studies, Budget Office, Ministry ofFinance, 2005.The above implies that public sp<strong>en</strong>ding per stud<strong>en</strong>t is low, controlling for per capita income and theevid<strong>en</strong>ce that shows that countries sp<strong>en</strong>d more on education as they become richer. While it is true that theemphasis and resources rec<strong>en</strong>tly targeted at pre-school education, as well as the differ<strong>en</strong>tiated subsidy project,are steps in the right direction, the task of catching up in the skills level of our human resources will most likelyplace a significant additional demand on public and private resources.It would be premature to estimate the funding requirem<strong>en</strong>ts that closing the coverage and quality lagswould have. However, some approximation can be inferred through international comparisons. In fact,international comparisons place Chile at a total sp<strong>en</strong>ding per stud<strong>en</strong>t level below the average in 2003 for the37

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