US invests $25 billion in overseas education research, jobs program
WASHINGTON (CNNMoney) — A new study by the US Department of Education found that US investment in overseas schooling is growing faster than anywhere else in the world.
The new report shows that the US invested $25.6 billion in research and development in the education sector in 2016, up from $20.3 billion in 2015.
The growth was fueled by investments in new technologies and training and by investments of $16.6 million in technology education programs, which provide support to educators to develop and implement online and mobile learning solutions.
The report found that overseas education investment has been on a steady growth trajectory for the past five years, with investments growing at an average annual rate of 4.6% over that time.
The largest US-based investment in the international education sector was in education research and education technology programs.
This was followed by healthcare and public health, with each program generating investments of about $7.4 million annually.
Investments in education technology are expected to increase by an average of 1.5% each year over the next five years.
The biggest gains in education funding are expected in healthcare and education.
The US spends about $1 trillion annually on healthcare, the second-highest spending after education.
The education research funding is not all made in the United States, however.
There are also other countries that are contributing funding, such as Australia and Canada, which also invest in education.
Education technology programs in the US are funded by the Federal Government through the Overseas Education Research and Development (OERD) program, which is funded through the Office of Education, which was established by Congress in 1996 to improve education and skills in developing countries.OERRD is one of several programs that focus on education in developing nations, including the Global Learning Initiative, the Partnership for Educational Excellence (PEO), and the United Nations Educational, Scientific and Cultural Organization (UNESCO).
The report notes that the global economy is in transition from an agricultural to a manufacturing one, which has affected global demand for education.
As a result, education has become a major sector of global supply chains.
The international education funding that was in the report includes $17.3 million in grants for the education of children under 5 years old and $4.7 million in grant programs to assist teachers in providing the best quality education to their students.