THE PROBLEMS FACING FINANCE IN THE ARAB COMMUNITY: ONLINE EDUCATION

Authors

  • Osama Almarashdi Jadara University

DOI:

https://doi.org/10.36690/2674-5208-2021-2-52

Keywords:

Higher education institutions, the Arab world, Sources of income in the Arab nations, Education financing, constraints, higher education, online learning

Abstract

The evidence based study investigating the financing procedures in the higher education institutions in the Arab communities works to identify the challenges and constraints to the education financing. On the other hand, the evidence based study investigates the possible solution to the challenges and constraints that hinder educational development in the Arab nations. The study comes up with recommendations that help the Arab and the developing nations improve their education systems through different strategies. In the current world, there is a challenge due to the changes in technology that every nation is trying to adopt. The developed nations have successfully incorporated technology in their education systems, which has improved learning, especially during the current world COVID-19 pandemic. Online learning is safe and has played a significant role in curbing the spread of the virus. The Arab nations are also affected by the pandemic, which has resulted in changes in the education system resulting in increased dependence on technology. The Arab nations have a great income source since they produce the highest percentage of petroleum products in the world. However, these nations are associated with political instability and wars, which negatively influence education and technology. The key factors that influence the financing of education in the Arab world include brain drain, financial crises, increased wars and terrorism, deference between education outcomes and labour market,  shortage of government resources, political instability and differences, poor private sector participation, reliance on policy learning and poor technological advancements. The Arab nations, however, need to consider the challenges mentioned above and constraints to ensure that the financing and budgeting sector prioritizes education systems. Collaboration with other nations and joining world education treaties will ensure education among the Arab nations.

Author Biography

Osama Almarashdi, Jadara University

Business Administration with a concentration in Finance, PhD Program in Business Administration: Concentration Area Accounting and Finance, Jadara University, Irbid, Jordan

References

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Published

2021-05-01

How to Cite

Almarashdi, O. (2021). THE PROBLEMS FACING FINANCE IN THE ARAB COMMUNITY: ONLINE EDUCATION. Economics, Finance and Management Review, (2), 52–58. https://doi.org/10.36690/2674-5208-2021-2-52

Issue

Section

Chapter 2. Development of Finance, Accounting and Auditing