Role of Markets in Education
11 Pages Posted: 12 Jan 2011
Date Written: January 1, 2002
This essay focuses on higher education in India and argues that the role of state should be drastically reduced in provision, funding and monitoring if we are to ensure good quality facilities for higher education in India. It is argued that these activities should be left to market based institutions. Many questions may be raised in this context about increasing role of markets in higher education. Some important questions are addressed in this essay before recommending drastic reduction in the role of state in the education. Questions of accessibility financing the higher education from taxpayers’ are examined. The efficacy of state regulatory agencies to ensure quality is debated.
Keywords: India, Higher Education, Markets, regulation of education
JEL Classification: H41, H52, I28
Suggested Citation: Suggested Citation