Utilizing the Capital Market to Promote Higher Education: A Study on the Relationship between the Development Speed, Scale, and Capital Market of Higher Education in China

Author: Li Jincai
Publisher:
Publish Date: 2006-01-01
Features: The relationship between the development speed, scale, and capital market of higher education is not only a major theoretical issue but also an urgent and significant practical problem facing countries around the world in the upcoming knowledge economy era. Based on a review of research on the scale and speed of higher education in developed countries since the 1950s, this book considers the historical backdrop of global economic integration, the knowledge economy, and the trends of universalization, informatization, marketization, and lifelong learning in higher education worldwide, as well as the requirements of China's national economic development for talent and national quality. Starting from the relationship between the development speed, scale, and capital market of higher education, the book constructs development goals, tasks, and indicator systems for higher education, along with mathematical models for its speed and scale. It also outlines four main pathways to achieve higher education development goals: 1. Increase government investment and strengthen the capabilities of public universities. 2. Fully mobilize social enthusiasm for running schools, develop private universities and independent colleges. 3. Attract private capital through multiple channels, reform traditional public universities, and transform some public universities into shareholding universities. 4. Introduce foreign investment in education, moderately develop Sino-foreign cooperative institutions; actively encourage universities to participate in international higher education service trade competition and vigorously develop international student education.