Privatization and education

Privatization and education, what is privatization, it's definition, charecteristics,merits, demerits, impact of privatization on education

1. PRIVATIZATION AND EDUCATION

2. PRIVATIZATION The term privatization has come into 1980’s subsequent on Economic reforms. The term privatization refers to the transfer of government services or assert to the private sector.

3. DEFINITION According to Levin privatization as the transfer of activities, asserts and responsibilities from government to private individual and agencies .

4. CHARACTERISTICS Transfer of public sector to private sector. Substitution of private goods for public goods. Establishment of free market and fostering of capitalist competition. Withdrawal of state intervention from production and service sector. Reduction in the regulatory and spending activity of the state.

5. MERITS Privatization makes the delivery of goods and services more efficient due to free market competition. It will minimize the political consideration. It will mobilize more capital investment in the financial markets. It will promote the dispersion of ownership and profit from successful enterprises

6. DEMERITS Privatization will widen the gap between haves and have nots . It will result in the unequal distribution of resources and wealth. The public does not have any control. It diminishes the accountability of the government to the public.

7. IMPACT OF PRIVATIZATION ON EDUCATION Private institutions are profit motivated and they charges heavy fee. Privatization of education has resulted in a steep decline in the quality if higher education. It led to competition among institution. It has resulted in the better management of educational institutions. It opened the gate for foreign corporate universities in India.

8. THANK YOU BY JAZIL PUTHUR