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2010 and 2020
1. 23 million students enrolled in 2005
2. In the past 6 years the annual growth rate = 16. 3.
If the annual growth rates slow down to 5, Higher Education Enrollment would be:
27,000,000 by 2010 44,000,000 by 2020
Sources:
Business China, 14th March 2005; IFC 2005;
Weifang Min, 8
th
May 2006, Washington DC
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CHALLENGE-3:
Reduced Government Funding
Sourcing Alternative Financing
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Developing Countries 1970–2000
Source: International Finance Corporation – Trends in Private Investment
4 8
12 16
1970 1974 1978 1982 1986 1990 1994 1998 1999 2000
o f GD
P Private investment
Public investment
14.65
7.05
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How do we mobilize underutilized resources?
Sources:: OECD 2000; UNESCO 1999; IFC staff estimates 2005: = conservative estimate.
– Trends in Private Investment – Current Financing Only – Total Private Financing including capital in developing countries is thought to exceed 33 of total expenditures IFC
staff estimates
– country data not available 20
40 60
80 100
1996 1998
2005
of Fi
nancing Ed
ucatio n
Private Expenditure – current only
Total Public Expenditure
83
17 13
87
1996 to 2005
1. Australia, Japan, US and South Korea - more than
50 of higher education funding comes from
NON- STATE SOURCES
2. All EU countries invest on average 1.2 of their GDP
on higher education, compared with 2.6 in the US
–
recent reports recommend state-supported systems introducing tuition fees
3. Higher education systems globally are having to adapt to fiscal realities –
HEs will become more reliant on future financing from non-state sources
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Sources: OECD Education at a Glance 2005; SweDevelop Report for IFC on Minban Education in China, 2003; Chronicle, 23
rd
June, 2006
Key Success Factors HE’s in the
21
st
Century
Pressures Ahead to be Internationalization
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Pressures Ahead to be Internationalization
1. Internationalization Faculties:
