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development <strong>of</strong> human capital, which is prerequisite for <strong>the</strong> development <strong>of</strong> all o<strong>the</strong>r resources.<br />

Like o<strong>the</strong>r parts <strong>of</strong> <strong>the</strong> world, <strong>in</strong> many less developed <strong>Asian</strong> <strong>countries</strong> acquisition <strong>and</strong> utilization<br />

<strong>of</strong> modern knowledge for <strong>the</strong> development <strong>of</strong> national capacities <strong>and</strong> capabilities rema<strong>in</strong>s low on<br />

government agendas, which is evident from <strong>the</strong> absence <strong>of</strong> clear policies <strong>and</strong> political regard<strong>in</strong>g<br />

<strong>the</strong> importance <strong>of</strong> knowledge <strong>and</strong> its implication for susta<strong>in</strong>able development <strong>and</strong> <strong>the</strong> overall<br />

transformation <strong>of</strong> societies (Haddad, 2005). At <strong>the</strong> sometime a shift <strong>in</strong> Asia is also evident as <strong>in</strong><br />

some <strong>countries</strong>, that are also emerg<strong>in</strong>g economies, now higher <strong>education</strong> is regarded as more<br />

than mere learn<strong>in</strong>g, due to this new shift <strong>in</strong> <strong>the</strong> <strong>role</strong> <strong>of</strong> <strong>education</strong>, today it is regarded as an<br />

<strong>in</strong>vestment.<br />

The rapid expansion <strong>and</strong> growth <strong>of</strong> higher <strong>education</strong> has given birth to paradox <strong>of</strong> decl<strong>in</strong><strong>in</strong>g<br />

expenditure; <strong>in</strong> most <strong>of</strong> <strong>the</strong> <strong>countries</strong> <strong>of</strong> <strong>the</strong> region, per student expenditure is cont<strong>in</strong>uously<br />

decreas<strong>in</strong>g for <strong>the</strong> last two decades because <strong>the</strong> <strong>in</strong>crease <strong>in</strong> budget for higher <strong>education</strong> does not<br />

co<strong>in</strong>cide with <strong>the</strong> <strong>in</strong>crease <strong>in</strong> student enrolment. Although low <strong>in</strong>come <strong>countries</strong> have <strong>in</strong>creased<br />

<strong>the</strong> share <strong>of</strong> national <strong>in</strong>come spent on <strong>education</strong> from 2.9% to 3.8% s<strong>in</strong>ce 1999 but still some<br />

regions <strong>and</strong> <strong>countries</strong> are cont<strong>in</strong>ued to neglect <strong>education</strong>. Among world regions, Central Asia<br />

<strong>and</strong> South <strong>and</strong> West Asia <strong>in</strong>vest <strong>the</strong> least <strong>in</strong> <strong>education</strong> (UNESCO, 2011). This has raised <strong>the</strong><br />

dem<strong>and</strong> <strong>and</strong> need to enhance <strong>in</strong>ternal <strong>and</strong> external efficiency, adopt<strong>in</strong>g cost effective methods <strong>of</strong><br />

management <strong>and</strong> teach<strong>in</strong>g at higher <strong>education</strong> <strong>in</strong>stitutions. In this context <strong>in</strong> those <strong>countries</strong><br />

where budget for was already too little to meet <strong>the</strong> dem<strong>and</strong>s <strong>of</strong> higher <strong>education</strong> <strong>the</strong>re higher<br />

<strong>education</strong> <strong>in</strong>stitutions are fac<strong>in</strong>g a hard time to face <strong>the</strong> challenge <strong>of</strong> expansion <strong>and</strong> growth what<br />

to speak <strong>of</strong> quality. Consequently <strong>in</strong> such <strong>countries</strong> a majority <strong>of</strong> higher <strong>education</strong> <strong>in</strong>stitution<br />

focus<strong>in</strong>g quantity <strong>and</strong> thus <strong>the</strong> quality rema<strong>in</strong> questionable.<br />

7.2 IGOs <strong>role</strong> <strong>and</strong> reason <strong>of</strong> existence<br />

Realists, liberals, <strong>and</strong> o<strong>the</strong>rs schools have long debated <strong>the</strong> utility <strong>of</strong> IGOs <strong>and</strong> a majority accepts<br />

that IGOs have some <strong>role</strong> to play <strong>in</strong> <strong>the</strong> society but <strong>the</strong>re exist no consensus on what extent IGOs<br />

can/ should <strong>in</strong>fluence at national <strong>and</strong> <strong>in</strong>ternational levels (Boehmer, Gartzke, & Nordstrom,<br />

2004). Functionalists argue that IGOs are capable <strong>of</strong> transform<strong>in</strong>g state preferences <strong>and</strong><br />

promot<strong>in</strong>g pacific global relations. Realists, by contrast ma<strong>in</strong>ta<strong>in</strong> that IGOs reflect, ra<strong>the</strong>r than<br />

effect, world politics (Boehmer, Gartzke, & Nordstrom, 2004). Realists take IGOs as self-<br />

centered tool that serve self <strong>in</strong>terests <strong>of</strong> <strong>the</strong> powerful states to implement <strong>the</strong>ir own power

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