Changes in Chinese higher education : financial trends in China, Hong Kong and Taiwan
International Journal of Educational Development
Advance online publication
China, Hong Kong, Taiwan, Higher Education, Trends, Finance
The cost of higher education (HE) continues to escalate at an alarming rate. Public and private funding sources from around the world are increasingly under pressure to reduce allocations toward HE while at the same time raising outcome expectations. This financial outlook is projected to continue well into the future, and in many instances it is deemed unsustainable in the long run. Within this context, we examine good and best practices of HE finance models in China, Hong Kong, and Taiwan. A primary objective of this paper is to examine exemplary models of HE financing that can reduce or at least help level off this unsustainable trend. We conclude with recommendations to assist policy makers, government planners, and HE administrators in their attempts to meet the financial challenges of today and in the future.
Copyright © 2017 Published by Elsevier Ltd. Access to external full text or publisher's version may require subscription.
An earlier draft of this paper was produced for Lumina Foundation as part of the Global Trends in Higher Education Financing Project by the University of Pittsburgh Institute for International Studies in Education. The views expressed in this publication are those of the authors and do not necessarily represent those of Lumina Foundation, its officers, or employees.
Jacob, W. J., Mok, K. H., Cheng, S. Y. & Xiong, W. (2017). Changes in Chinese higher education: Financial trends in China, Hong Kong and Taiwan. International Journal of Educational Development, Advance online publication. doi: 10.1016/j.ijedudev.2017.03.006