OCED Reports That Mexico Ranks Last in Per Capita Spending on Education
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November 24, 2015
Laura Carlsen interviews the dean of Mexico City University (teleSUR English)
The Mexican government ranks last in annual spending per student among the Organisation for Economic Co-operation and Development countries, according to a new report made public on Tuesday.
The OECD report, “Education at a Glance 2015,” also revealed that Mexico spends less then US$4,000 per student compared to the OECD average of around US$10,000. Currently, the OECD, which was created in 1960, has 34 member countries, including Chile, Mexico, Austria, Australia, Portugal, Spain, United Kingdom, United States and Canada, among others.
The findings come despite seeing an increase in investment towards education as a percentage of the country’s GDP, which rose from 4.4 percent in 2000 to 5.2 percent in 2012.
The OECD survey went on to warn that inequalities in education produce serious consequences as on economic and social inequalities due to “its strong links to employment, earnings, overall wealth and the well-being of individuals.”
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