Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1
How an Economic Crisis is Good for the Education Sector

How an Economic Crisis is Good for the Education Sector

|Views: 2|Likes:
Published by Ashwath Komath

More info:

Published by: Ashwath Komath on Jun 27, 2010
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less





How an economic crisis is good for theeducation sector
An economic crisis is when the level of economic activity in a country dipsdown to dangerously low levels. An economic crisis is called by differentnames, such as a financial meltdown, a recession etc. A variety of factors maycause an economic crisis. An economic crisis is global in nature. For example,even if an economic crisis erupts in say, Malaysia, it is likely to affect evenPapua New Guinea. This is all thanks to the spread of Globalization.An economic crisis has very serious implications. It affects every field in someway or the other. Even government services and the military are affected dueto a recession. Businesses and commercial establishments are hit the most.Firms and companies try to scale down and cut costs. The government recordsmuch lower growth rates and is forced to run on deficit budgets. Evendeveloped and rich countries feel the pinch of an economic crisis.People too, cut costs on an individual level. Many lose employment whichforces them to spend much less. Their consumer confidence has been shakenand most of all, they do not have enough money for consumption of goods.However, one sector which has been untouched by the recession is theeducational sector. The logic is simple: One cannot stop studying at such acrucial point of time. Studies have to go on. Whether the crisis is going on ornot, education must continue. In fact, during an economic crisis, the educationsector receives a boost.Students work harder because they want a job. Students would enroll incoaching classes, private tuitions and other institutes. Students would alsoinvest in more books, reference material, guides and other aids.Students would also go for multiple degrees. They need to show that they arevery well qualified for the job, so they would study all the more.They would also invest in extra-academic courses such as language courses andcomputer courses and show that they have diversified interests. They would

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->