This article presents aspects of the regulatory reform work in public sectors was guided by the OECD in the 1990's manifested in GATS ( 1995 ) strategically planned by and through the Bologna Process and eagerly elaborated by boards and power holders of universities and university colleges. The tendency is privatisation which has as a consequence…

Neo-liberal policies and programs regarding higher education operate to fulfill either one of two main goals. The first is the privatization of public education. The second objective is the creation of an "iron cage" of economic rationality and standardization, which functions to regulate the production of human capital in the public education…

Access to higher education is a key challenge of the 21st century state. The link between higher education and personal and socio-economic development has intensified the need for ensuring that greater numbers of citizens have expanded access to and have been provided with quality higher education. The article seeks to explore how initiatives for…

Local school districts differ in their ability to pay for teacher quality, and in the amenities they offer as places to live and work. Market clearing with heterogeneous quality yields geographically varying teacher salary levels that confound scarcity with unobserved differences in quality. The paper discusses identification and estimation of a…

The emergence of the "education investment and consumption" concept is an inevitable product of the development of China's socialist market economy. In this article, the author discusses the reasons for the emergence of the education investment and consumption concept: (1) a growing focus on the individual in the national income…

Since the early 1990s, the system of education in Mongolia has gone through radical changes that stem from the country's transition to the market economy and the democratic state structure. Favorable prerequisites were already in place to renovate education on democratic principles, because during the period of its socialist development Mongolia…

Examines some of the rationales for financial diversification and partial privatization of state universities in Kenya and the different manifestations of market-driven approaches to university education. Explores whether the market model can address increased demand while maintaining educational quality. (EV)

Freedom of educational choice has existed for over 85 years in the Netherlands. Despite the system's excellent quality, it is expensive and features a relatively uniform curriculum. The Dutch experience suggests that choice will not result in an open, competitive market in education, because professional, political, and public interests will…

Describes movement toward quasi-market-based systems of resource allocation in Britain's universities. Considers the appropriateness of existing organizational structures to meet the cost and quality pressures generated by these systems. Draws on ideas from the total quality movement to analyze the implications for organization, control, and…

Describes how two dovetailing processes led Swinburne University of Technology of Melbourne, Australia, to the setting up of business studies programs in Vietnam: the increased need to make higher education in Australia more cost efficient and the Vietnamese government's decision to move to a market-based economy. Thus, the Vietnamese government…

This essay explores the implication of venture philanthropy for higher education fund raising. The author provides a detailed description of venture philanthropy, including the social context driving its development. Then, the benefits brought to higher education by this style of philanthropy are explored. Finally, a single example of venture…

As higher education has grown and state funding has been constrained, the financial sustainability of institutions of higher education (HE) has become an issue for policy makers and for those who govern and manage these institutions. The challenge for governments is to ensure that increasingly autonomous institutions respond to public interest…

In "Market-Based Pay Reform for Public School Teachers"--a paper presented at the National Center on Performance Incentives research to policy conference in February--Michael Podgursky, professor of economics at the University of Missouri, examines the effects and unintended consequences of the current compensation system for teachers in…

One of the salient concerns in contemporary higher education internationally is access, which is rapidly expanding. Another salient trend is the rapid expansion of private higher education. These two salient tendencies have not been treated in scholarship as heavily intertwined. Much of the reason is that many people associate "private"…

Discusses issues addressed by a Congessionally mandated panel to identify and evaluate options for infusing market forces into the student loan program. Notes possible advantages. Conflicting views of the panel's student representatives, college administrators, and lenders are reported concerning reductions of lenders' profits, removal of…