The Global Financial Crisis and Educational Restructuring
Broschiertes Buch

The Global Financial Crisis and Educational Restructuring

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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 educatio...