Unless policymakers take a more all-round view of education, they risk sending their countries down the wrong path. Over the past decade, educational change in most countries has been driven by one imperative: survival in the global economy. This process has been particularly salient in the Asia-Pacific region following the drastic shock of the 1997 economic downturn. But in the current reform process, marked by speeding commercialisation and economic preoccupations, other educational missions are being ignored, and countries risk paying a high price for their shortsightedness. There’s no denying that economic considerations are critical in todays’s world. Students have to acquire the knowledge and skills to survive and compete in the global economy, especially one which more than ever before prizes human capital. A high-quality labour force gives nations a cutting edge in global competition. Understandably, stressing economic returns in the current educational debate attracts private resources. But education has other functions that are the indispensable corollary of more balanced, equitable development. They deserve to be briefly explained.
ABOUT THE AUTHOR M. Lakshmi Narasaiah
Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.
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