Title: Improving Relevance and Quality of Undergraduate Education (IRQUE): public funding alternatives for Sri Lanka

Authors: Pradeep Randiwela; Siriyama Kanthi Herath

Addresses: Faculty of Management and Finance, Department of Commerce, University of Colombo, Colombo 03, Sri Lanka. ' School of Business Administration, Clark Atlanta University, James P. Brawley Drive at Fair Street, Atlanta, Georgia 30314, USA

Abstract: The Sri Lankan Government has initiated reforms in a number of public management areas and introduced major reforms into the higher education sector to respond to national concerns that the higher education sector has failed to provide skills necessary for the national economic development. Reforming public funding strategy is a key task of the Improving Relevance and Quality of Undergraduate Education (IRQUE) project, which was initiated as an essential component of management in education in Sri Lanka. This paper discusses various funding mechanisms available for higher education funding and suggests a tentative model for public funding in Sri Lanka.

Keywords: universities; higher education; education reforms; public funding; funding strategies; IRQUE; Sri Lanka; educational improvements; educational relevance; educational quality; undergraduate education; funding alternatives; economic development; skills; funding mechanisms; education management.

DOI: 10.1504/IJMIE.2012.047266

International Journal of Management in Education, 2012 Vol.6 No.3, pp.191 - 211

Published online: 20 Dec 2014 *

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