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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 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.... Please click here to ask a question
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