Globalization and Higher Education in India

Introduction

1. Karl Polanyi in his book ‘The Great Transformation’ wrote ‘To allow the market mechanism to be sole director of the fate of human beings and their natural environment … would result in the demolition of society’ (p. 73). Quoted by Susan George, ‘A short History of Neo-Liberalism’, 1999.

2. As G. Thompson rightly argues ‘As a result in the early 1990s everyone wanted to imitate the west, adopt its institutions and its philosophy, privatize state industries, deregulate and reduce government expenditures. In the 10 years from 1988 to 1998 almost all governments in the world, regardless of ideology, downsized their activities while private sector expanded theirs, thus gradually replacing governments as major economic players on the ...