I’ve got a comment on my piece on The Dilemma of Regulating Education. It raises a very important point and one that I missed out on – the quality of education imparted in these institutions. Particularly worrying is the quality of medical education.
This is another dilemma. Since these institutes will be churning out doctors who will be dealing with people’s lives, can we afford to wait for a purely market-driven correcting mechanism? But, as the author of the comment says, “legislative intervention might be more harmful than market design!”.
Is there an in between path relating to this aspect of education?
I guess accreditation by organizations like the Medical Council of India (MCI) and the All India Council for Technical Education (AICTE) is the answer. These two are already in place, though reports about the quality of monitoring by the AICTE are not very good. One hasn’t heard negative reports about accreditation by the MCI, but I am willing to be corrected on this.
Yes, this is another toughie.