By World Bank. Human Development Network
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Additional info for Education sector strategy
Such tensionsbetween a "bottom-up" client focus and the "top-down" application of global knowledgeprovide the basis for the policy dialogue, and are as relevant to education as to any sector. Effectively addressing these tensions requires openness, intelligence, and integrating qualities that we will continue to value in all our staff. It also requires a recognition that the successful resolution of these tensions lies not in "either-or" solutions but in "both-and'' ones. Both the Bank and the client must buy into the operations that we work on together.
A government must also be careful to learn lessons of practice and history from indigenous peoples and communities, so that education is not imposed from afar but benefits from relevant local, communal experience. Finally, preschool education must be given its full weight in programs. This can be a key to the development of a child, the level of education reached, and thus the eventual achievement. " From A Proposal for a Comprehensive Development Framework, James D. Wolfensohn, World Bank President, January 1999 Education is a cornerstone of the World Bank Group's overall mission of helping countries fight poverty with passion and professionalism to achieve lasting results.
Figure 1 The Importance of Education Page 6 It has long been self-evident to many educators and parents that education, in addition to its immediate benefits, is also a form of investment, building people's capacity to be more productive, earn more, and enjoy a higher quality of life. The rise of human capital theory since the 1960s, and its widespread acceptance now after thorough debate, has provided conceptual underpinnings and statistical evidence. Estimates by Nobel-laureate economists have shown that education is one of the best investments, outstripping the returns from many investments in physical capital.