Indicators of Education Finance

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In Latin America, as in other regions, there is growing awareness of the valuable contributions that international comparisons of education can make to the development of national education policies. Mercosur now appears poised to undertake the development of internationally comparable education statistics and indicators for its member countries, a process that eventually could lead to a system of comparative indicators covering all or most of South America, and perhaps even Latin America as a whole. Moreover, Mercosur’s apparent intention to link its projected indicators to the indicators developed for OECD’s Indicators of Education Systems (INES) project raises the attractive prospect that the Mercosur countries eventually will be able to compare education systems not only among themselves but also with the systems of North America, Europe, and the Asia-Pacific region.

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