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Essay / Early childhood education: a wise investment approach...
TitleEarly childhood education: a wise investment approach for a better future.1. Main messageImproving the quality of early childhood education services has many benefits and the trade-off between affordability and quality of these services should not determine the effectiveness of this improvement. Even if this last problem (affordability versus quality) becomes reality and the associated financial cost can have an impact on the budget of families, it is necessary to explain the advantages of this type of action. Recommendations Note:1. Investment in early childhood education services boosts economic performance in the future.2. Promote participation and ensure that children from disadvantaged backgrounds benefit from Early Childhood Education (ECE) services.2. Key insightsThe results of the implementation of the National Quality Framework (NQF) cannot be summarized as a diatribe of trade-offs between quality and affordability of ECE services. It is certain that implementing a NQF will result in increased associated costs for educator providers and, ultimately, families. However, improving the quality of ECE services will bring many benefits to society in the future and, as such, cannot be limited to a discussion between quality and affordability. Early childhood education: sound policy. Theoretical evidence, such as human capital theory, suggests that implementing public policies regarding improving ECE systems can bring a variety of benefits to society, as adequate education from early childhood Early stages of life would provide individuals with the appropriate skills to develop throughout life. Cost-benefit: an important determinant but not the only factorAmong the most important issues related to ECE policy... middle of document....... On the other hand, while considering the associated costs to the implementation of ECE programs, Aos et al. (2004) and Karoly, Kilburn and Cannon (2005) provide an idea of the performance of these programs. They reviewed several evaluations in the area of early childhood intervention, calculated the benefits and costs of these programs, and generally found that some, but not all, of these programs generate future savings for government and benefits to society in general that are at least as important. as important as program costs. Furthermore, empirical evidence from the US Perry Preschool program shows that by the time participants were 40 years old, the economic return was US$244,812 per participant on an initial investment of $15,166. Therefore, these programs have proven to be cost-effective and the policy as a whole has been smart in further developing the full potential of children..