GENERAL APPROACHES AND WESTERN EXPERIENCE IN MANAGING AND FINANCING UNIVERSITY EDUCATIONAL PROCESSES

Abstract

The most important financial economic models of governing and funding the university educational processes are considered. The approaches based on three models – when funding is provided either by the state, or by private investors, or on the mixed principle – are described. The Western experience based on the Anglo-Saxon and Continental models is analyzed. The comparative analysis of the key features of the Russian and Western universities is presented.

Keywords

• financial economic models
• public financing
• anglo-saxon and continental models
• education
• university.