Improving the Efficiency of Private Sector Investment in TVET
Ever since the establishment of the Technical Education and Skills Development Authority or TESDA, private sector participation and investment in technical vocational education and training (TVET) has been encouraged. The thinking is that, since the private sector is the major provider and end-user of TVET, it should invest more in TVET. However, it should be pointed out that private sector investment already comprises the majority of investment in TVET. In 2002, for example, about 54 percent of investment in TVET came from the private sector. It is however, interesting to note that more than half of this (around 53 percent or $58 million) came from the trainees themselves who paid for their training. Meanwhile, companies invested $32 million (around 30 percent of the private sector investment) and non-government organizations or NGOs invested $14 million (around 13 percent). (" Investment in Technical Vocational Education and Training in the Philippines ," p....