Interview: Funding Higher Education amid the Financial Crisis

| September 20, 2012 | 0 Comments

The Great Recession which started in 2008 has had a profound impact on Governments’ financing abilities. One could reasonably expect that Governments would respond to such dire economic climate by restricting their public expenses, higher education included. Yet, the extent to which the Recession has affected the size of the higher education budget and financial policies for higher education across Europe remains uncertain. How does the Great Recession affect the European Higher Education Area (EHEA)? This paper maps out the changes in the financing of higher education across Europe. It also provides some general comparisons with other regions of the world as well as insights from the literature on public finance, the welfare state and federalism to derive some general predictions regarding the impact of such changes on Europe’s long-term integration potential and the future role of EU institutions.
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