World Trend of Privatization of EducationAccording to an article written by Guilbert, the mechanism of privatization of education in Hong Kong can be classified as thee-type privatization , which has the characteristics of demand-side privatization. In this form, the government provides resources to consumers, who are students. In several stages, PIE evolved into its current form and type three can also be easily found in other countries, establishing itself as a global trend. The main objective of the direct grant program is to improve the quality of private schools in Hong Kong. Yet, it is criticized that there is no clear distinction between aided schools, that DSS schools get autonomy and government support at the same time, while aided schools lack discretion. Nearly three decades after the reform, the system does not show notable improvements, but rather the expected side effects. At this point, we need to reconsider the implementation of the policy since the delivery method has lost its way in the right direction, requiring a different approach. Along with the importance of globalization, there has been a gradual shift in the direction of government policies so as to ensure competitiveness in international society. Privatization, as one of the ways to improve the quality of education, has become an effective strategy for the government to reform the education sector. Such a management-based approach is not suitable for education because its characteristics are not similar to those of the product. Lessons Learned from the Privatization of Chicago Public Schools In the process of privatizing education in Chicago, some notable lies were created by deceptive policies. Among nine points me...... middle of paper...... several schools. In this case, oligopoly with low-quality education is predictable, since insufficient preparation leads to a lack of management personnel. According to many leading economists, “privatization results in frequent monopolies that are just as inefficient as the state-owned enterprises they replaced and more corrupt.” Then the damage caused is left only to the students. For market-minded people, loss of market value means getting out of the market. Hong Kong is fully developed according to the free market principle. However, education, having different characteristics, cannot be considered as a commodity since it transmits values ​​to children. Hong Kong's PIE has previously been criticized for overestimating its deficits, while underestimating its revenues. As the PIE has a greater sense of market principles, such defects appear and will worsen in the future..