Why spending smarter beats bigger budgets in education

Despite the billions of dollars poured into education development globally every year, the majority of students are still struggling with basic learning concepts, says economist Karthik Muralidharan. He outlines how smarter resource allocation and evidence-based interventions, like learning software that dynamically responds to students and teaches at the level that’s right for them, can improve education worldwide — not by spending more, but by spending smarter.