Higher education in Asian countries and the role of international ...

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despite of two economic recessions during the last two decades the share of education in total
investment is increasing on the average and as the trend line depict in the graph that in the times
to come the share of education in the World Bank loans will increase further.
This increase in the share for education sector has incomplete sense without studying its sub-
sectors. According to the World Bank lending data on education sub-sectors, a record increase in
the Bank‟s investment was seen in 2010 this increase can be attributed to many factors: recent
global financial recession pushed the countries to get loans, the Millennium Development Goals
(MDGs) deadline that is approaching in 2015, ever increasing demand for education particularly
at secondary and tertiary levels.
Figure 18 The World Bank lending for different sub-sectors of education
5.3.10 The World Bank, higher education and Asia
Bridging two extreme ends, though difficult, is not impossible, if the gap is reduced then it is
very easy to bridge them. In this world there exist extreme ends in the distribution of wealth: in
some countries per capita income is more than US$100 a day while in the same world, around
three billion people live on less than $2 a day and of these almost one billion people earn few
cents a day. There is a need to reduce this economic gap as it is fueling to other problems
including education divide because poverty affects education also: more than 100 million