[...]... generating savings that allow for more the long-term economic benefits of investing in early resources to be dedicated to other priorities; and learning A December 2005 poll of business leaders • Increased national employment and economic shows that they overwhelmingly favor public growth, helping to boost standards of living for prekindergarten programs: More than 80 percent of all Americans business... balance The stakes economic and technological are high, but early and infrastructures to compete sustained investments in education, especially in the directly with the United States Countries like India and preschool years, will provide a strong defense, China are no longer low-wage, low-tech—they are lowallowing the states and the nation to rise to the wage, high-tech.29 economic, demographic, and fiscal. .. math and science achievement.38 Other countries are also gaining ground in higher education The United States has slipped to ninth in the share of students enrolling in college.‡39 In short, the new global economy increasingly relies on information and innovation, both of which are highly knowledge intensive Knowledge has been a major source of productivity growth in the postwar era, with growth in education. .. Chapter 2 U.S Economic, Demographic, and Fiscal Challenges Ahead The day -to- day reality of succeeding in an America’s economic, work that remains in U.S demographic, and social workplaces involves increasingly competitive marketplace landscape has changed complex or creative demands skilled and educated workers profoundly in the past 35 thinking, or interactive Investing in the academic success of our years... at risk of growing up poor and increasing the likelihood they will drop out of * Economic growth is largely attributable to improvements in human capital as embodied in knowledge and skills of the workforce, physical capital such as investments in machinery and buildings, and innovation that results in new products, technologies, and work processes Over the past century, education has been the major... continues to grow, and people are a resource vital to economic growth Early childhood investments can pay off as a slight bulge in the youth cohort emerges over the next 20 years Improving the educational experiences of an increasingly diverse cohort of children, or not, will determine their ability to contribute to our economy and society FISCAL CHALLENGES The current fiscal situation of the United States. .. factories and offices that make workers more productive Deficits tend to raise interest rates, decrease U.S investments abroad, and increase the share of foreign-owned assets in the United States, all possible threats to the stability of our economy [Committee for Economic Development, Exploding Deficits, Declining Growth: The Federal Budget and the Aging of America (Washington, DC: Committee for Economic. .. Preschool are more in line with the other programs [Lynn A Karoly and James H Bigelow, The Economics of Investing in Universal Preschool Education in California (Santa Monica, CA: RAND Corporation, 2005)] † Of the public returns on investment in the Perry Preschool study, the majority of savings (88 percent) came from reductions in crime Education savings account for 4 percent of savings Increased taxes... budgets After a decade of increased spending during the economic boom of the 1990s, a downturn in the economy cut revenues, and states suffered budget shortfalls States have slashed spending and closed a fiscal gap of more than $265 billion since 2001, but their fiscal positions are likely to remain tight as spending for Medicaid, education, and corrections grows Nearly one-half of states have “structural... Alternative funding options include government cost-sharing, endowments, and scholarship programs The most reliable funding models include a dedicated source of funding, similar to the K-12 education system THE LEARNING CONTINUUM Prefacing K-12 education with high-quality preschool is a smart investment, but learning begins at birth The brain rapidly develops during the first years of life and providing children . alt="" The Economic Promise of Investing in High-Quality Preschool: Using Early Education to Improve Economic Growth and the Fiscal Sustainability of States. CED and do not necessarily reflect the views of The Pew Charitable Trusts. The Economic Promise of Investing in High-Quality Preschool: Using Early Education