Privatization and education, what is privatization, it's definition, charecteristics,merits, demerits, impact of privatization on education

1. PRIVATIZATION AND
EDUCATION

2. PRIVATIZATION
 The term privatization has come into 1980’s
subsequent on Economic reforms.
 The term privatization refers to the transfer
of government services or assert to the
private sector.

3. DEFINITION
• According to Levin privatization as
the transfer of activities, asserts and
responsibilities from government to
private individual and agencies.

4. CHARACTERISTICS
1. Transfer of public sector to private sector.
2. Substitution of private goods for public goods.
3. Establishment of free market and fostering of
capitalist competition.
4. Withdrawal of state intervention from production
and service sector.
5. Reduction in the regulatory and spending activity
of the state.

5. MERITS
1. Privatization makes the delivery of goods
and services more efficient due to free
market competition.
2. It will minimize the political consideration.
3. It will mobilize more capital investment in
the financial markets.
4. It will promote the dispersion of ownership
and profit from successful enterprises

6. DEMERITS
1. Privatization will widen the gap between haves
and have nots.
2. It will result in the unequal distribution of
resources and wealth.
3. The public does not have any control.
4. It diminishes the accountability of the
government to the public.

7. IMPACT OF PRIVATIZATION ON
EDUCATION
Private institutions are profit motivated and they
charges heavy fee.
Privatization of education has resulted in a steep
decline in the quality if higher education.
It led to competition among institution.
It has resulted in the better management of
educational institutions.
It opened the gate for foreign corporate
universities in India.

8. THANK YOU
BY
JAZIL PUTHUR