Record Details

Changing Trends in Financing of Higher Education: A Critical Review

MANTHAN: Journal of Commerce and Management

View Archive Info
 
 
Field Value
 
Title Changing Trends in Financing of Higher Education: A Critical Review
 
Creator Chinara, Mitali
Rout, Himanshu Sekhar
 
Subject —
Higher education; Knowledge economy; Federal grant; Private sector .
—
 
Description Education in general and higher education in particular has significant favourable influence on economic development, which calls forth investment in the sector by individuals, households and nation as a whole. However, over the years, many developing countries have showed apathy towards development of higher education. They have reduced public investments in higher education, allowed laissez-faireism, and even adopted policies towards marketisation of higher education. To the extent that the markets in developing countries are incomplete and imperfect, the outcomes are also far from perfect. However, to compete in a global knowledge economy and to traverse along the growth path achieved by the developed countries, the developing countries like India have to accord top priority to higher education. To achieve the 12th Plan targets of 25.2 percent of GER by 2017 and / or to reach the global target of investing 6 percent of GDP in education, India needs to explore the innovative methods of financing of the sector. In this context, this review paper traces the changing trends of financing higher education across the globe over the years and the entry of private sector into the arena.
 
Publisher Journal Press India
 
Contributor —
 
Date 2016-12-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/MANTHAN/article/view/7877
10.17492/manthan.v3i2.7877
 
Source MANTHAN: Journal of Commerce and Management; Vol 3, No 2 (2016)
2347-4440
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/MANTHAN/article/view/7877/7212