Economic shocks in education : analysis of the 1997 Asian financial crisis and lessons for today
Document Type
Journal article
Source Publication
Global Social Policy
Publication Date
4-1-2009
Volume
9
Issue
Suppl
First Page
145
Last Page
173
Publisher
Sage Publications Ltd.
Keywords
conditional cash transfers, disparities, gross enrolment rates, public expenditure, social protection, 1997 crisis
Abstract
Studies of the 1997 Asian financial crisis suggest that impacts of economic shocks on education are ambiguous and vary according to gender, income, and location. The crisis exacerbated previous disparities, with gaps between girls and boys, and urban and rural education widening. Secondary school enrolment sustained the greatest impact. Countries' high commitment to education, as evidenced by increased household expenditures and government social protection programmes, helped protect education. Lessons from 1997 serve as a useful framework for considering potential policy responses to the 2007-08 crisis. Getting policies right is important given the current education landscape, where disparities continue to persist. The paper provides an analysis of the state of education in East Asia and the Pacific. It then analyzes experiences from the 1997 crisis and government policy responses since 1997. It argues that quick and sustained action is important. Social protection measures should be institutionalized to prepare for future crises.
DOI
10.1177/1468018109106889
Print ISSN
14680181
Publisher Statement
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Mok, K. H., Lawler, J., & Hinsz, S. B. (2009). Economic shocks in education: Analysis of the 1997 Asian financial crisis and lessons for today. Global Social Policy, 9(Suppl), 145-173. doi: 10.1177/1468018109106889