Comparative study of funding sources for faculty development following COVID-19 in China and the United States

Li Lun *, Liu Xiaoyue and Wan Xiangyu

Central University of Finance and Economics, Beijing 100081, China.
Review Article
World Journal of Advanced Research and Reviews, 2024, 22(03), 1733–1737
Article DOI: 10.30574/wjarr.2024.22.3.1658
Publication history: 
Received on 17 April 2024; revised on 10 June 2024; accepted on 12 June 2024
In the post-epidemic era (COVID-19) context, funding university faculty development in China and the United States faces severe challenges. From the perspective of government education grants and social donations from foundations, except for top-ranked universities, most universities have faced increasing difficulties in financing faculty development. In this context, the U.S. government and U.S. universities have promoted university–enterprise cooperation for a long time, and faculty research teams independently seek enterprises’ financial support. These efforts have effectively alleviated the problem of insufficient funding for faculty development. In doing so, these cases provide a valuable example for the funding of faculty development in China. Universities, businesses, and local governments should think about “directed cooperation subjects” from the standpoint of funding units. As a result, university instructor growth will be accomplished through a progression from “money” to “win-win cooperation” and ultimately “wisdom.” As a result, long-term collaboration is required between local governments, businesses, and academic institutions. Moreover, there are two aspects to cooperation between local governments, businesses, and academic institutions. First, collaboration tends to be closer when economic conditions are better; conversely, cooperation tends to be lower when conditions are worse. Second, cooperation is more likely when the program has greater influence.
University Faculty Development; College Faculty Development; Foundation Funding; Research Funding; Community Development
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