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Column: Early childhood education spurs strong economies


March 13, 2003
Economics and Finance
David Crane
The Toronto Star

The article, by Art Roinick, senior vice-president and director of research at the Minneapolis Fed, and Rob Grunewald, a regional economic analyst at the Minneapolis Fed, argues that many of the devices that governments use to promote economic growth, such as subsidies to attract new plants or support for sports stadiums and similar projects, in fact yield very low returns. Yet early childhood development programs, they argue, have much higher rates of return, for society and the individual, than most economic development initiatives.