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Privatisation of Education

The foremost task in the existing scenario is to impart better and quality education. Children are the nation builder of future and to carve them as splendid native we need to provide them with genuine education so that they can become a pillar of the nation’s growth and make it richer in a wider aspect. These ideas were typically regarded as a ruffle, but have gradually moved to center stage, cluthched by liberals and conservatives alike.
Privatisation can be a boon to the changing times of development as it has increased the opportunities by increasing the number of admissions in all the levels of education. Due to the freehold, level of quality increased at a rapid rate to a greater extent. This process has created several opportunities and challenges to the educational institutions; the process of globalization has invigorated foreign universities and universities of repute to explore the feasibility of establishing their branches in the US.
Privatisation is beneficial as it improves the quality imparted whereby decreasing the political interference, eventually proliferating the competition.
Why Privatization in Education?
There are basically two discrete motives. Many believe that competition, emblematic of the private sector, is the best guarantee for the best outcomes. Competition impels participants to ratify the most efficient means and maximizes motivation by threatening extinction if a company does not excel.
Privatisation is considered as a mean to fill the gaps in education. Education and schooling both are changing very fast and also considerably by the impact of information technology—computers, Internet, and multimedia. Nowadays, gradually, school is becoming less and less important, because pupils can learn through computers and Internet at home itself. This is creating an atmosphere of ‘classroom without walls’.
The best universities like MIT and BOSTON are private, US has progressed well and the good share goes to these private universities and institutions. Many important and useful, innovations and inventions have taken place here.
The human edification would haven’t been so progressed and advanced if there didn’t have existence of private institutions in the world
“Privatization” on being a useful tool!
Studies have stipulated that private schools have a major influence on the academic development and overall character building of children. Their results help us to understand just why schools tend to maintain inequalities and elite repro­duction.
These schools also deliver exceptional learning ambiance in terms of school organi­zation, material resources, buildings, furniture, and well-equipped laboratories with modern scientific instruments like TV, Internet, parks, etc. All these factors motivate students for good performance.
The quality of teacher-pupil interaction, better teaching, an atmosphere of cooperation and healthy competition both, caring between teacher and students, and well-organized course preparation of private schools are the influ­ential factors that determine the better performance of the students.
They keep pushing ahead their academic expedition and visions regardless of the political party that comes to power. The vice-chancellor of public school is not appointed by the Government but by the university board. With a humanistic aim, they admit commendable students from anywhere in the world. They bring about a cultural exchange between the nations and elevate the human civilization and legacy. Most of the private universities are reported to be making more productive utilization of resources. They get donations so much so that, every year they start new research projects and new courses. Nearly 50 percent of the University’s budget is met with benefactions and the remaining out of student fee.
The fee prescribed by private universities in the U.S. is much higher. It is because they perpetuate a high caliber of laboratories, library, and education. They do not get financial aid from the Government. Additionally, privatization also eliminates the problem of corruption from the root level, reducing the taxation and increasing the job scopes.
Privatization of the primary and secondary educational systems can help ameliorate the situation by improving the quality of education while reducing the cost. Additionally, privatization also eliminates the problem of corruption for the root level, reducing the taxation and increasing the job scopes.
Scouting more on Privatisation
The expansion of the horizons of knowledge is taking place at a rapid pace all over the world; the underdeveloped economies must keep pace with this blast of knowledge.
Emphasizing this point the World Bank has stated: “Today knowledge explosion is dividing the world into fast-moving, rich economies that use knowledge effectively and slow moving, poor economies that do not. Education or knowledge industry is becoming a key factor in the pro­cess of development.”
This being so, education is no longer viewed as a community service, it is con­sidered a necessary economic input and as such investment in education is treated as a factor contributory to human resources development.
In this endeavour towards human resource development, the private sector is also expected to play its impactful part since it is a paramount beneficiary of the knowledge industry.
According to W.W. Rostow, the world is passing through the fourth Industrial Revolution (1985). This encompasses genetics, communications, ro­bots, lasers and new industrial material and the various tools and products incor­porating the microchip.
The magnification of Satellite TV and the developments in computer technology have additionally escalated the information revolution. These technological developments have increased the requirements of highly educated and well-trained technical manpower.
The public sector is hindered by the paucity of the reservoir and cannot meet the needs of industry and other sectors of the economy. Therefore, the private sector must be commenced in the programs of training proficient manpower to take advan­tage of hi-tech opportunities.
Privatization can respond more promptly and efficiently than the public sector which is crippling with structural and operational obstinacy to market signals or market demand for labor and takes effective steps to promote human resource development to keep pace with the emerging requirements.
Privatization, by imposing the full cost or a substantial portion of the cost and at times, by charging cost-plus pricing for the service provided is likely to generate greater culpability among the recipients of education i.e., the students.
Thus, privatization of the country’s education system, coupled with a well-tailored system, can help improve the quality of education imparted on children, creating people capable of doing new things, not simply of repeating the older generations-being more creative, inventive and discoverers by reducing the costs for parents.