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ERIC Number: ED539702
Record Type: Non-Journal
Publication Date: 2007-Aug
Pages: 22
Abstractor: ERIC
Reference Count: 69
ISBN: N/A
ISSN: N/A
The Global State of Higher Education and the Rise of Private Finance. Issue Brief
Hahn, Ryan
Institute for Higher Education Policy
In the past two decades, higher education around the globe has undergone a remarkable transformation. Technological innovation coupled with globalization has drastically altered the structure and finance of educational systems of all countries seeking to benefit from the global economy. In the countries of the Organisation for Economic Co-operation and Development (OECD), public funding has failed to keep up with the rising costs of higher education. In the emerging market economies, public finances have often proven insufficient to fund the necessary expansion of higher education or the creation of a differentiated system of vocational and university education. As a consequence, private finance has become a vital partner in the success of higher education in many parts of the world. Countries as diverse as the United Kingdom, Chile, Hungary, South Africa, and South Korea have turned to private capital markets to help expand or revitalize institutions of higher education. This first issue brief of the Global Center on Private Financing of Higher Education (GCPF) provides an overview of the role of private finance in higher education globally. A description of the current state of private finance is followed by an analysis of the drivers behind the changes that have occurred. The brief concludes with a list of topics for future in-depth research by the GCPF to help universities, governments, banks, philanthropists, and others take advantage of private capital in their quest to improve and expand higher education around the globe. Data sources are appended. (Contains 7 figures and 16 footnotes.)
Institute for Higher Education Policy. 1825 K Street Suite 720, Washington, DC 20006. Tel: 202-861-8223; Fax: 202-861-9307; e-mail: institute@ihep.org; Web site: http://www.ihep.org
Publication Type: Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Institute for Higher Education Policy