Access, Equity, Capacity Financing Higher Education.ppt

Access, Equity, Capacity: Financing Higher Education International Forum for Education 2020 Baoyan Cheng February 27, 2009 Soen Ozeki Each Day In Life is TrainingTraining For MyselfThough Failure is PossibleLiving Each MomentEqual to AnythingReady for EverythingI am Alive - I am This MomentMy Future Is Here and NowFor if I cannot Endure TodayWhen and Where Will I ? Outline Globalization Neoliberalism Milton Friedman Bankruptcy of neoliberalism Cost-recovery policy cost-sharing Financial aid policies – student loan programs in the US, Australia and China Globalization “The reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, services and labor” United Nations, 2002 . Thomas Friedman New York Times columnist; Pulitzer Prize winner : The World Is Flat 2005 Some criticisms of globalization Increasing inequality Weakening cultural diversity Advancing corporate interests at the expense of the well-being of ordinary citizens Documentary: The Other Side of Outsourcing 2004 Neoliberalism “Invisible hand”; decentralization and privatization; free market and free trade Implication: Reduction of government subsidies in public service Milton Friedman 1912-2006 :1976 Nobel Prize winner, leader of Chicago School of Economics. Friedman the economist, the entrepreneur and the popularizer of free-market doctrine. Paul Krugman, 2008 Nobel Prize winner . “Consider the following three propositions: Money does not matter. It does matter. Money is all that matters. It is all too easy to slip from the second proposition to the third. And in their zeal and exuberance, Friedman and his followers had too often done just that” James Tobin, 1981 Nobel Prize winner in Economics Neolibralism and Education Milton Friedman: The Role of Government in Education Capitalism and Freedom, 1962 Milton Friedman: Market competition is the answer to solving educational problems. Video clip from the 1980 PBS