Equity Effect of Neo-liberalism and Educational Entrepreneurship

Abstract

This paper establishes the notion of, for profit, publically funded but privately managed educational entrepreneurship under neo-liberal framework for education sector of Pakistan. The new liberal approach conceptualizes process of deregulation; restructuring, corporatization and privatization in education services delivery by introducing a concept of “educational entrepreneurship” that leverages economic benefits and exists as an agency of permanent change to achieve social benefit in education industry of Pakistan. Argument of liberalization has been fixed in meeting demand for education in time of financial suppression to achieve equity. Analyzing the neoliberal argument in favour of low cost private schools under Punjab Education Foundation Lahore (PEF), paper discusses how PEF ventured private schools have restored two dimensions of educational equity: Fairness and Inclusion that ensure accomplishment of access to education under educational entrepreneurship (application of entrepreneurial skills).