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Changing Attitudes

about EducationOLD NEW Public good

Private goodMerit good

Non-merit goodSocial service

Commercial/tradable good

For welfareFor profit

For national development

For individualprofit

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# 6: Overall Changes in EducationSystems

INTO OBLIVION Public education

Private State financing

institutionPrivate Governmentrecognised instns

Private instns based on

philanthropy (non-profitmaking)

Scholarly academic disciplinesof study

INTO FOREFRONT

Private education

Private Self financing

institutionsPrivate instns with- outGovt recognition

Profit making private

institutionsCommercially viablecourses of study

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# 7: Importance of Education

dramatically increases* Education is the best cushion to deal with

disequilibria (Theodore Schultz ) caused by allshocks, including international shocks (e.g.,East Asia)

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l k h d

Thank you