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.
Product Identifiers
Publisher
Peter Lang
ISBN-13
9781433125393
eBay Product ID (ePID)
213038136
Product Key Features
Subject Area
Experimental Psychology, Political Science
Author
Joao M. Paraskeva, Michael Adrian Peters, Tina Besley
Publication Name
The Global Financial Crisis and Educational Restructuring
Format
Paperback
Language
English
Subject
Economics, Accounting
Publication Year
2015
Type
Textbook
Number of Pages
335 Pages
Dimensions
Item Height
225mm
Item Width
150mm
Volume
31
Item Weight
480g
Additional Product Features
Series Title
Global Studies in Education
Country/Region of Manufacture
United States
Editor
Tina Besley, Joao M. Paraskeva, Michael Adrian Peters