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Neoliberal Reforms in Higher Education and the Import of Institutions

Department of Economic Theory, Financial University under the Government of the Russian Federation, Leningradsky prospekt 49, 125993 Moscow, Russia
Department of Economic Theory, Faculty of Economics, Southern Federal University, Bolshaya Sadovaya str. 105/42, 344006 Rostov-on-Don, Russia
Department of Trade and Finance, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 16500 Prague, Czech Republic
Author to whom correspondence should be addressed.
Soc. Sci. 2020, 9(5), 79;
Received: 20 March 2020 / Revised: 29 April 2020 / Accepted: 11 May 2020 / Published: 13 May 2020
The implementation of neoliberal reforms in higher education coincides with the radical institutional changes in the transition from a planned to a market economy. The modernization of higher education is also connected with the concept of the “entrepreneurial” university that represents a third-generation university with an emphasis on optimization and marketing. However, economic policy aimed at reforming and developing the public sector is based on the import of institutions related to the production of public and mixed goods. In this paper, we show that neoliberal reforms threaten the welfare state in transition economies such as the Russian Federation. In addition to marketing, monetization, and commercialization, all areas of the public sector underwent an optimization policy, which primarily implied a relative reduction in the cost of producing public goods. The rhetoric of the marketing of education represents the modern state’s masked refusal to fulfill a part of its social obligations. Moreover, we argue that market channels intended for financing education are highly dependent on the income level of the population, the availability of institutions and the infrastructure for raising funds, and, most importantly, the development of the educational services market. Within this context, another significant factor is represented by the positive externalities from the prevalence and quality of education. Thence, our results show that insufficient private demand for education, including higher education, can negatively affect the prospects for the country’s socio-economic development in the medium and long run. View Full-Text
Keywords: economic transition; higher education; neoliberal reform; institutional economics; institutional import economic transition; higher education; neoliberal reform; institutional economics; institutional import
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Nureev, R.; Volchik, V.; Strielkowski, W. Neoliberal Reforms in Higher Education and the Import of Institutions. Soc. Sci. 2020, 9, 79.

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