ERIC Number: ED412845
Record Type: RIE
Publication Date: 1994
"New Partnering" for Higher Education and the Corporate Sector. AGB Occasional Paper No. 18.
Roy, Delwin A.
Association of Governing Boards of Universities and Colleges
The partnership between institutions of higher education and the corporate sector has evolved since the end of World War II. Data from the Council for Aid to Education show that until 1990, corporate financial support for education was robust. The proportions of corporate contributions going to education were constant at about 25 percent with about 70 percent of that going to higher education. The early 1990s slowed private sector giving due to a declining economy, corporate downsizing, buyouts by foreign investors, and increasing demands on corporate contributions. Several conferences have addressed these trends, including: conferences on global citizenship and the North American Free Trade Agreement. Issues addressed by the conferences included higher education's need to reconsider its mission due to the dramatic worldwide economic changes occurring, and the need to provide better prepared workers who can help the private sector respond to world economy changes. The private sector also needs to adapt to rapid global change with a more diversified work force. A new partnership between the private sector and higher education must be developed which maintains a separateness of function, mission, and objectives. Currently the private sector is adapting to the new global economy faster than higher education institutions are. (LEE)
Descriptors: Corporate Support, Corporations, Donors, Economic Factors, Educational Finance, Educational Strategies, Futures (of Society), Global Approach, Higher Education, Long Range Planning, Partnerships in Education, Private Financial Support, Private Sector, School Business Relationship, Trend Analysis
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Publication Type: Information Analyses; Reports - Evaluative
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.