International Journal of Research in Finance and Marketing
  • Year: 2017
  • Volume: 7
  • Issue: 5

Public-Private Partnership for Higher Education Financing

  • Author:
  • Nidhi Madan
  • Total Page Count: 15
  • Page Number: 149 to 163

Research Scholar, Dept. of Education, MDU

Abstract

Owing to the popularity of the Public-Private Partnerships, it has become a fashionable slogan in the new developmental strategies adopted by any country over the last couple of decades. Public-Private Partnerships (PPPs) is the “cooperative venture between the public & private sectors, built on the expertise of each partner, that best meets clearly defined public needs through the appropriate allocation of resources, risks and rewards” - Canadian Council for PPPs

PPPs has been advocated as the innovation idea in order to tap the private resources along with public sector for the active participate in country's development. The reason behind adopting it is the general opinion that his resource gap which is existing in the socio, economic & political structure of the country can be met by only one way out i.e. Public-Private Partnership. So, keeping in mind this opinion that PPP model has already been adopted in several infrastructural developments such as railways, roads, airports and so on but now onwards the policy initiative are no longer confined to these sectors but extended to human development sectors such as health and education.

Thus, in this paper the author will they to analyze what is Public-Private Partnership, whether it would work in higher education, if yes, then what should be the appropriate model for that. Secondly, the author will attempt to analyze whether this PPPs model which is delicensing one will help to solve the problems in better manner and in what way along with the common criticisms and trends regarding PPPs that are available.

Keywords

Higher Education, Public-Private Partnership