Neo Liberal Educational Policies
There are
three factors in policies.
1. Liberalization
2. Privatization
3. Globalization
1.
Liberalization
Liberalization
means elimination of state control over individual’s economic activity. It
provides greater autonomy to the private enterprises in decision making and
implementation. It means abolishing of licenses, liberalization of foreign
investment, relaxation of investments etc.
2.
Privatization
Privatization
is the transfer of control of ownership of economic resources from the public
sector to the private sector. It means the decline of the role of the public
sector.
3.
Globalization
Globalization means integration of the national
economy with the world economy. It implies free flow of information, ideas
technology, goods and services, capital and people across different countries.
It is the concept of world economy without the restriction of country boarders.
Merits of
globalization
Ø Improvement in economic and
educational activities.
Ø Free flow of goods and services and ideas
throughout the world.
Ø Free flow of technology.
Ø Production of international quality.
Demerits of
globalization
Ø Domestic companies are unable to
withstand due to international competition.
Ø Under development of indigenous
technologies.
Ø Increases disparities.
Merits of Privatization of Education
Ø Global access
Ø Increased facilities of education
Ø Quality education
Ø Reduce the financial burden of
government.
Ø Increased opportunities for
education.
Ø More freedom to individuals.
Ø Reduced completion for admission.
Ø Increased international standards of education
Ø Increases literary rate.
Demerits of
Privatization of Education
Ø Increased cost of education
Ø Increases in inequality.
Ø Disparities in the quality of
educational institution.
Ø Creates regional imbalances.
Ø Decreased quality of education.
Ø Competition between institutions.
Ø Profit motive.
