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Public-Private Partnerships in Higher Education for Setting the Right Path of Growth and Development
Abstract
The term public private partnership (PPP) entails diverse range of meanings, mechanisms and policy tools. Defining a particular form of PPP will require specifying the meaning, role, responsibility, and incentives of the public and the private partner. Whatever form a PPP may take, conceptually as well as practically, it emphasizes the growing importance of the private sector in funding and provisioning of various goods and services. The rise of the term PPP can be traced to the 1980s, when in western economies, the private sector was becoming important in areas that were predominantly funded and managed by the public sector. Education sector is one such area. While PPP in school education is a well explored policy area, PPP in higher education has received little attention in academic literature as well as in policymaking.
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