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Response of Higher Education to Globalization: Empirical Evidences from India

19 Pages Posted: 12 Jul 2009 Last revised: 12 Apr 2016

Jesiah Selvam

Francis Xavier Engineering College

Date Written: July 10, 2009

Abstract

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.

Keywords: Globalization, higher education, budget

JEL Classification: F15, H52, I23, 128

Suggested Citation

Selvam, Jesiah, Response of Higher Education to Globalization: Empirical Evidences from India (July 10, 2009). Available at SSRN: https://ssrn.com/abstract=1432383 or http://dx.doi.org/10.2139/ssrn.1432383

Selvam Jesiah (Contact Author)

Francis Xavier Engineering College ( email )

Tirunelveli
Tamil Nadu
India

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