The OECD (2008 ), in their report, Be More Purposeful in Guiding Tertiary Education, ask that governments provide funding strategies to optimize the contribution of higher education to society and the economy by cost-sharing with students due to the private benefits of education, while at the same time providing student support such as grants and loans so they work less. They also recommended governments help with the quality assurance of higher education.
They state worldwide student enrollment is growing annually by 5.1% with increases seen in more mature students, who have dissimilar socio-economic backgrounds, ethnicity and previous education.
The also see academic leadership changing and making decisions like those in management or entrepreneurs. There are new demands on leaders, such as the need by the marketplace for quality teaching and learning. Furthermore, policy making should allow for bottom-up initiatives, sharing long term visions, the views of different stakeholders, and incremental versus comprehensive overhauls. As well, though academics should have the freedom to develop courses, they also must their freedom within the institution’s goals and obligation to society.
Another important aspect to inform policy are evaluation of performance of staff and deliver professional development and training to accommodate potential gaps and to keep pace with demands. They also suggest implementing performance contracts and related funding along with monitoring systems.