The worldwide integration and globalization of finance, an aspect of
«financialization», coincided with the rise of market-oriented
neoliberalism promoting free trade and privatization strategies. New
Internet-based technologies have reinforced financial market
integration, creating a fragile, globally integrated financial
ecosystem that poses new systemic risks and contagion effects
characterized by excessive borrowing and ballooning debt, massive
asset bubbles, a huge shadow banking system, and financial innovation
leading to collateralized debt obligation and securitization. Public
education has been at the core of neoliberal privatization strategies
and financialization with the trillion-dollar blowout of student
loans. Education, once considered a national and global public good
tied to the creation of knowledge and the basis of a just and
democratic society, has undergone a profound transformation and
financial restructuring. This collection of essays by a range of
international experts addresses the root causes of this massive
change, analyzing the growth of finance capitalism and
financialization, as well as the financialization of education and its
consequences. The book is a valuable resource for classes in
educational reform, education policy, higher education, and
educational finance.
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Produktdetaljer
ISBN
9781454196365
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
Peter Lang Inc., International Academic Publishers
Språk
Product language
Engelsk
Format
Product format
Digital bok