The Prospects for Higher Education Financing

Abstract

　 Around the turn of the 20th to the 21st century, higher education was required to respond to three challenges in the form of needs or demands: the need for greater mobilization of resources so as to increase enrollment, the demand for more efficient resource utilization, and the need to make educational content more relevant. The strategies used to respond to these challenges can be classified into three: government-induced marketization, the incorporation of public universities, and the functional differentiation of higher education institutions. This paper analyzes the structural factors and problem points inherent in each of these three strategies, and discusses the opportunities that they present for a new higher education policy.