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International Journal of Contemporary Research in Multidisciplinary

International Journal of Contemporary Research In Multidisciplinary, 2022;1(1):54-58

A Detailed Study on The Impact of Foreign Direct Investment (FDI) In Universal Access of Education in Developing Countries

Author Name: Rahul Garg;   Dr. Sapna;  

1. Assistant Professor of Commerce, Govt. College for Women Punhana, Nuh, Haryana, India

2. Assistant Professor of English, Govt. College for Women Punhana, Nuh, Haryana, India

Abstract

FDI in education refers to investment made by international entities in another country's education sector. FDI in education can take various forms, including setting up of new institutions and acquiring and operating existing educational institutions. In recent years, FDI in education has become a contentious issue, especially in developing countries. Universal access to education is a fundamental right that ensures equal opportunities for individuals to acquire knowledge, skills, and competencies regardless of their socioeconomic background, gender, or geographical location. However, achieving universal access has been a daunting challenge for many countries, particularly those with limited resources and infrastructure. FDI has been recognized as an important contributor to economic growth and development in many countries. However, its role in achieving universal access to education has not been extensively explored. This paper examines the potential impact of FDI on universal access to education, focusing on developing countries. It reviews the current state of education in these countries, identifies barriers to achieving universal access, and explores the possibilities for leveraging FDI to overcome these barriers. The paper argues that FDI can play an important role in improving access to education by fostering economic growth, increasing access to resources, and promoting innovation. However, it also acknowledges the risks and challenges associated with FDI, including the potential for exploitation, displacement, and inequality. The paper concludes by offering recommendations for how developing countries can maximize the benefits of FDI while minimizing the risks, with a particular emphasis on education.

Keywords

Foreign Direct Investment, Education Sector, Universal Access, Growth