Reforms in the Education Industry of Australia of Economics

Question: What Forms In the Education Industry of Australia of Economics? Answer: Introduction Basically, with regards to this research study, I would like to choose education sector/industry of Australia to discuss and access the reforms in this industry. Moreover, this research study would also focus and offer a detailed description about the development, trends, growth, and improvements within this sector of the nation. Additionally, this research study would also analyze the key and fundamental roles of the government as well as non-government organizations in the growth and overall success of education industry of the country. At the same time, it is also accessed that, a series of specific trends could be seen within this industry from the last five to ten years that reflects the contribution of the government of the Australia. On the other hand, the specific and dynamic development within the education sector directly helped the nation in building strong image and reputation in the front of nations of the global world. Furthermore, it is also important to know that, the re are various specific causes behind the success and developments in this industry. For case, availability of imperative and supportive educational policies, compulsory education system, positive attitude of government etc are the fundamental reasons for the success of this industry. Reforms in the Education Industry of Australia In the present time, the Australian educational industry is one of the best and profitable industries as compare to others that helped the government in generating of long term revenues. Moreover, this industry is also considered as the most attractive, and encouraging systems that motivate, and encourage trillions of national global students/learners to take a part in the system and fulfill their dreams. It is also the cheapest and cost effective systems that encourage global students to enhance their skills, ability, knowledge and education at the lower costs. For instance, the government of the Australia had developed various types of cost effective educational policies and regulations that attract local and global students for the education in the country (Australian Government. 2004). Furthermore, the administration of the nation is also developing partnerships and building relationships that encourage and give confidence to the universities, private colleges schools, and othe r educational institutions. For case, the government is also providing financial as well as non financial support and assistances to the universities and schools so that they can build and construct innovative infrastructure. Moreover, different kinds of funds are also provided by the government to the educational institutions to support them (Group of Eight Australia. 2014). Along with this, the educational policies programs developed by the administration of the nation covers a lot of tangible and intangible benefits to the learners or students. For instance, in the Australia, the primary education is compulsory and free. A wide range of benefits are also provided by the government to all the categories of students/learners so that they can fulfill their educational needs and dreams. Furthermore, the Australian government had also developed various specific programs and strategies to the students including free education schemes, scholarship schemes, educational loan facilities, scholarship schemes that create interest in the learners about the education (Eggins, 2014). Simply, it can be said that, the educational policies, rules and strategies developed by the government are cost effective, supportive, and effective and friendly that played a key role in the development and growth of the education sector of the country. On the other hand, it is also a nalyzed that, the federal government is arrange fund facilities for both the public private schools and educational organizations (World Bank Asian Development Bank. 2007). In addition to this, the education system of the country has also played a key role in enhancing the standard of living of the people of country. It means by providing education on the regular and compulsory basis, the government is generating better job opportunities for the students so that they can enjoy their future life (Graham, 2013). Moreover, the government of the nation is also working, collaborating and developing partnerships with the global companies so that they can generate employment opportunities in the nations for the students, job seeker and learners. Simply, it can be said that, the administration is working hardly to bring innovation and developments in the education systems. It is also analyzed that, the government had also invested huge money in the education systems to make it more attractive. This is the reason that, in each and every financial year, the government increase educational budget (Bonnor, Caro, 2007). Additionally, the government of Australia is also collaborating and developing relationships with the profit, non-profit, social organizations and various educational organizations in order to develop and promote a friendly and most effective educational culture and structure. It is also analyzed that, the government is changing their pricing policy in the educational sector. For instance, from the last six years, the government had reduced educational fees for the higher education that indicates the efforts made by the government to bring developments in the systems (Croucher, Marginson, Norton, Wells, 2013). Moreover, the government had also introduced several kinds of specific educational laws and rules to make education system cost effective. In addition to this, government is also providing all the types of assistances including financial support, technical support to the educational institutions of the country to promote a friendly educational culture. For example, financial a ssistance is provided by the government to the schools, colleges, and other educational institutions for the infrastructure (Australian education system. 2017). Conclusion After analyzing the reforms within the educational sector of Australia, it can be concluded that, today, Australia has one of the best educational systems as compare to other developing and developed nations. Moreover, it can also be concluded that, the government of Australia played positive roles within the educational sector. In the same way, a lot of specific and dynamic roles are played by the government to make educational systems more effective, attractive, innovative, and friendly. Finally, it can also be suggested that, in the present time, the respectable government of each and every nation must adopt specific policies and strategies to bring development in the systems. References Australian Government (2004). Retrieved From: https://www.ibe.unesco.org/International/ICE47/English/Natreps/reports/australia.pdf Australian education system (2017). Study in Australia. Retrieved From: https://www.studyinaustralia.gov.au/global/australian-education/education-system Bonnor, C. and Caro, J. (2007). The Stupid Country: How Australia is Dismantling Public Education. USA: UNSW Press. Croucher, G., Marginson, S., Norton, A., Wells, (2013). The Dawkins Revolution: 25 Years on. USA: Melbourne University Publishing. Eggins, H. (2014). Globalization and reform in higher education. Australia: University of Michigan. Group of Eight Australia (2014). Micro-economic reform of the Australian higher education industry: Implications of the Abbott Governments Budget of 13 May 2014. Retrieved From: https://go8.edu.au/sites/default/files/docs/article/edutech_presentation__4_june_2014pdf_version.pdf Graham, J. (2013). Global Education Reform Movement. Professional Voice, 9(3), 5-47. World Bank Asian Development Bank (2007). Directions in development: Human development. USA: World Bank Publications.