Risk Management of the English Universities After the Credit Crunch: Some Implications for the U.S. Universities

• In Event: Roundtable Session 4
  In Roundtable Session: International Higher Education Policy

Abstract

The purpose of the paper is to identify how global financial crisis has re-shaped state-university relationship in risk management in order to avoid financial turbulence and manage risk in uncertain and insecure environments in England. The study explores Foucault’s “governmentality” argument and examines it in the English context. It gives attention to the effect of the UK Coalition Government’s austerity policy on the universities.
The paper argues that the financial crisis has not reversed the state-university nexus in England, where a government agency, Higher Education Funding Council for England, has already regulated institutions whose fiscal performances are problematic.

Author

• Keiko Yokoyama, Stockholm University