Policy orientation for private sector investment, Microeconomics

Assignment Help:

Policy Orientation for Private Sector Investment

The policy perspective in the matter of funding is undergoing a steady transformation aimed at according an increasing role to the private sector. The emphasis in this respect is varied between the different stages of education. It is pointed out that the positive or the beneficial impact of education is not restricted to the individual but spills over to the entire community and the society at large. For this reason, education is generally regarded as a public good and policies of even developed countries favour keeping the sector under the public domain.

However, in the changing circumstances of fiscal constraints owing to adoption of economic reforms, there is a move to keep only the elementary education under the public sector’s (i.e. solely the government’s) domain and progressively increase the role of the private sector’s involvement in meeting the funding needs of the secondary sector and beyond.

The higher education sector, in particular, was proposed to be treated as a non-merit good in which phased increases in cost-recovery (to bring it to a level of 50 per cent of the cost) was proposed to be levied. By this measure, the burden of financing higher education was to be shifted gradually to the private corporate sector and the private individuals of the household sector. This policy initiative was a sequel to the choice of such policy courses expressed by national policy documents/bodies on education [e.g. the national policy on education (NPE; 1986, 1992) and the UGC] with the objective of reducing the role of the government in the higher education sector.


Related Discussions:- Policy orientation for private sector investment

Economic cycle, Economic Cycle The economic cycle is the long-standing...

Economic Cycle The economic cycle is the long-standing sample of alternating times of economic growth (expansion) and decline (recession), followed by changing economic indica

Marginal Cost, The question states that a hotel charges $60 a night for a r...

The question states that a hotel charges $60 a night for a room per night during off peak. This hotel has a fixed cost of $75 per night and variable costs of $40 per night (only ap

Economics from a different perspective, Economics; Different Perspectiv...

Economics; Different Perspective ? Economics is the knowledge of the choices taken by people who are faced with scarcity. ? Scarcity is a condition

The demand for big macs, illustrate and explain the changing demand gor big...

illustrate and explain the changing demand gor big Mac using the indifference curves and budget line

Price of lending money, Interest: A lender charges interest as the price of...

Interest: A lender charges interest as the price of lending money (or some other asset) to a borrower. Interest is mainly charged as a specified percentage of the loan's value, per

Calculate profit maximizing output level , Qustions: You are the sales ...

Qustions: You are the sales manager at SoftSystem, a dominant firm that produces operating system. The new operating system, Doors XR, has been newly developed. Its demand is e

Required the Detail Answer, Sir i am the student of MSC Economcis frin Dust...

Sir i am the student of MSC Economcis frin Dustabce University (AIOU)from Islamabad (Pakistan)my name is Mohammed Bilal Farooq and required the answer of the following questions Q

Microeconomics, Five identical people live in a small town and can earn a l...

Five identical people live in a small town and can earn a living either by having cattle $100 or by becoming a singer. If one person competes their expected payment is 210, if two

Differentiate between economic development and growth, Problem: i) Diff...

Problem: i) Differentiate between economic development and economic growth. ii) Describe carefully how, using the expenditure approach, national income is calculated. ii

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd