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    Financial Education in Asia: Assessment and Recommendations

    Yoshino, Naoyuki; Morgan, Peter J.; Wignaraja, Ganeshan | June 2015
    Abstract
    This paper assesses the case for promoting financial education in Asia. It argues that the benefits of investing in financial education can be substantial. Data are limited, but indicate low financial literacy scores for selected Asian countries. As economies develop, access to financial products and services will increase, but households and small and medium-sized enterprises need to be able to use the products and services wisely and effectively. More effective management of savings and investment can contribute to overall economic growth. Moreover, as societies age and fiscal resources become stretched, households will become increasingly responsible for their own retirement planning. Asia’s evolving experience suggests that more national surveys of financial literacy are needed and that coherent, tailored national strategies for financial education are essential for success.
    Citation
    Yoshino, Naoyuki; Morgan, Peter J.; Wignaraja, Ganeshan. 2015. Financial Education in Asia: Assessment and Recommendations. © Asian Development Bank Institute. http://hdl.handle.net/11540/9652.
    Keywords
    Examinations
    Higher education institutions
    Free education
    Educational policy
    Project finance
    Technology assessment
    Resources evaluation
    Aid evaluation
    Economic evaluation
    Cost benefit analysis
    Public Education
    Parent Education
    Equity In Education
    Educational Policies
    Educational Reforms
    Quality Education
    Quality Education
    Levels Of Education
    Higher Education Costs
    Educational Testing
    Educational Surveys
    Educational Reforms
    Results-Based Monitoring And Evaluation
    Public Policy Evaluation
    Program Evaluation
    Evaluation Criteria
    Objective tests
    Educational tests and measurements
    College preparation programs
    College dropouts
    Discrimination in higher education
    Universities and colleges
    Educational accountability
    Scholarships
    Prediction of dropout behavior
    Scholarships
    Results mapping
    Self-evaluation
    Participatory monitoring and evaluation
    Educational evaluation
    Cost effectiveness
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    Citable URI
    http://hdl.handle.net/11540/9652
    Metadata
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    adbi-wp534.pdf (475.4Kb)
    Author
    Yoshino, Naoyuki
    Morgan, Peter J.
    Wignaraja, Ganeshan
    Theme
    Education
    Evaluation
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise