School Closures and Mergers: A Business Transaction Impacting Human Capital
Traditional business models are being used to address school financial concerns, at the potential expense of the development of children. Specifically, at the potential expense of already marginalized populations, with limited academic resources. These students and communities may be losing their voices and power through the application of a business practice that has been found to have a 50% failure rate (Terry & O’Brien, 2001), leading to significant capital loss. Notably, human capital of underrepresented students is at stake. This article explores the impact closures and mergers have on the school environments, and recommends strategies to address the challenges of school closures and mergers including implications for school counselors.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).