School finance has become a prominent issue again due to court decisions and litigation in several states. This article explores school finance changes in the 70s and 80s and outlines key issues for the 90s, including the relationship between finance and education goals, site-based management, teacher pay, accountability, school choice, and nontraditional issues such as preschool and non-educational services for children.

Debate over school choice has been reignited due to the school reform movement and frustration with low academic achievement. The conversation becomes heated when private schools are included in the system of choice, as proponents believe it will foster competition and improve schools, while opponents argue it will harm public schools and society. This article aims to shed light on the complex issue of school choice.

The new global economy is reshaping education worldwide, necessitating policies that expand access and enhance quality. Despite different educational systems, similar issues need to be addressed, resulting in an international convergence of education policies. The article discusses the emerging economy, educational challenges, policy alternatives, and compares recent reforms in the US and UK.