Response of Higher Education to Globalization: Empirical Evidences from India
Indian Academy School of Management Studies (IASMS)
July 10, 2009
This paper examines the response of higher education to globalization in India and discusses the major challenges that the globalization brought to higher education. The study used data over twenty five years, 1981/82-2004/05 and applied Ordinary Least Square (OLS) analysis with inclusion of various functional variables that may contribute to the higher education in the post reform period. A regression model is developed by using the perspectives of the heterodox model which does not conclude that the non-significant variables necessarily imply that the hypothesized causal links are invalid. The study reveals that the relationship between globalization and higher education was fragile revealing a gap between what the country has achieved on globalization and what it has achieved on higher education. The study cautions the policy makers that if they let present condition continue, it will be imminent that the capacity of higher education to produce right people would get jeopardized. It is therefore suggested that the government should ensure right allocation and correct appropriateness of budget on higher education. A fair controlling policy should be devised to monitor quality of education and training provided in the private sector. A compliance policy should be enforced to ensure a strong network and congenial interface between the institutions of mediocre and of excellence and also between the higher education institutions and industries, so that the application oriented education and employability could be effectively offered to meet out the challenges of globalization.
Number of Pages in PDF File: 19
Keywords: Globalization, higher education, budget
JEL Classification: F15, H52, I23, 128working papers series
Date posted: July 12, 2009
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