Transforming Educational Costs into Strategic Investments: Paving the Path for Global Competitiveness
Abstract
Abstract
This study examines the transformation of educational costs into strategic
investments to enhance global competitiveness. Using a mix-method
approach, data were collected through interviews, focus group discussions
(FGDs), surveys, and document analysis in Indonesian educational
institutions. The results show that strategic budget management can improve
academic outcomes by up to 25%. Key challenges include a lack of
transparency, limited managerial capacity, and insufficient public
understanding. This strategy enhances access to education, learning quality,
and students' global competitiveness. In conclusion, transforming educational
costs into strategic investments supports improved educational quality,
reduces socio-economic disparities, and fosters sustainable development.
Keywords: Educational Investment, Global Competitiveness, Strategic
Budget Management
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