International trends in the public and private financing of higher education |
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| Authors: | Sanyal Bikas C Johnstone D Bruce |
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| Institution: | (1) UNESCO International Institute for Capacity Building in Africa (IICBA), Maison De L’Inde, 7(R) Boulevard Jourdan, 75014 Paris, France;(2) State University of New York at Buffalo, 459 Baldy Hall, Buffalo, NY 14260, USA |
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| Abstract: | Beginning by analyzing the major qualitative and quantitative changes in higher education around the world, this article examines
international trends in their financial implications. It then demonstrates the state’s inability to bear the entire rising
financial burden, and explores the role of self-financing, and of the non-profit and for-profit private sectors, in sharing
the enrolment and the cost burden. Examples of cost-sharing from around the world are given, with an analysis of the complexities
and ambiguities of the meanings of public and private in reference to financing higher educational institutions. A discussion of private–public partnerships follows, and of the
role that non-profit and for-profit cross-border higher education plays in financing. The conclusion offers eight policy themes
for coping with the underlying situation of financial strategy and the simultaneous need to supplement scarce public revenues
with private revenues, meanwhile increasing access to and participation in higher education for those not yet benefiting from
it. |
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