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Krishnan, C. – Issues and Ideas in Education, 2021
The fiscal crisis facing the economy has led to withdrawal of the state from major sectors of the economy including education. With the advent of the liberalized economic policy the private sector has been playing a pivotal role in the economic development. Higher education ceases to be the 'merit good' and the universities are encouraged to…
Descriptors: Foreign Countries, Educational Finance, Universities, Resource Allocation