Financing of Higher Education the Term Paper

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In the last decades, the repositioning of knowledge generation and research has been the trend. New fields of knowledge have been introduced and would continue to be introduced. Along with these new fields and new social issues, there would be application-oriented research within industrial structures, which are likely to retain focus. Higher education is viewed to increase further. New information technologies will open more doors to new knowledge and to a wider, more varied audiences of learners. This is the perceived scenario as the different strata of access and usage patterns continue to be overcome. The non-university sector of education and other providers of lifelong learning are projected to gain equal and heightened importance.

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Globalization will certainly assert its influence. Universities will join the competitive scene. Europeanization within the context of globalization will accrue to a more market-equipped control and to increasing intercontinental competition. There will be the interplay among the elements of innovation, sustenance and further development of social resources, and the skillful use of natural resources. Growing economic disparities between rich and poor nations, the globalization of environmental hazards, regional problems and globalised communication are only a few of current-day stimuli to which universities must respond in fulfilling their role and responsibility as social reactors (Wittenberg)......

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