Government Intervention in the Education Sector and the Consequences of the Privatisation of Education

Ameya Sathya Kakade

MPRA Paper from University Library of Munich, Germany

Abstract: Education policy has been at the forefront of discussions that relate to the economic prosperity of various nations. But, there still seems to be a sense of unclarity in the ongoing debate on whether the education sector needs to be privatised or still conform to the mixed economic model that lays as the fundamental nucleus of most countries’ education policies. Should India and the United States continue to spend their 3.1%1 and 6.2% of their GDP respectively on the education sector? Or would education be buoyant under privatisation? Whilst this article hopes to put forth the various arguments that are prevalent today and complement this discussion with the Indian education model, as a case study, it also looks to answer the question - how would the education sector change if governments were no longer involved?

Keywords: Government Intervention; Privatisation; Production Possibility Curve; Globalisation; Economic Growth; Labour Force; Human Development Index; Gross National Income; Social Benefit (search for similar items in EconPapers)
JEL-codes: I21 I25 I28 (search for similar items in EconPapers)
Date: 2021-06-29
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