Comparing the papers on the Korean and the U.S. situations leads to interesting conclusions. Cho and Shin argue that the recent crisis did not create huge problems in the labor market because Korea was firstly in a fundamentally sound economic situation and secondly took adequate anti-crisis measures, in particular by stabilizing internal demand.…

Since U.S. economic growth began to slow in 2006, both the Bush and Obama Administrations have enacted a number of fairly costly programs designed to stimulate the economy and employment growth. Because many of these programs are fairly new, there has been little comprehensive examination of their impacts, but initial analysis suggests that these…

The U.S. economy took a historic nosedive in 2007-2010. It was the worst downturn since the Great Depression of the 1930s. However, evidence is emerging which suggests the country is in the midst of an economic recovery. In February 2010, the U.S. Commerce Department reported that GDP rose at a 5.9 percent annual rate in October through December…

TIAA-CREF, the financial services company that manages retirement portfolios for professionals in academia and other select fields, avoided the heavy losses other financial firms incurred during last fall's financial meltdown. Thus far, the indicators reflect TIAA-CREF's prudent, disciplined investment strategies. From Sept. 30 to Dec. 31, 2008,…

The higher education systems in Ireland and the UK have seen several decades of remarkable change, particularly with the development of mass higher education. Yet the economic recession is creating a turbulent environment for higher education systems which will pose new challenges for universities. In this article, Michael Shattock argues that…

The Obama presidency has been premised on a commitment to progressive social change in its a repudiation of unfettered free-market capitalism. It also signals the end of an era in which privatization, deregulation, and cut throat competition combined with a massive assault on the social state. While such reforms are welcome, they do not as yet go…

Rhetoric about young people's "ownership" of future socio-technical change is a familiar part of much educational and political discourse. This does not, however, translate in practice into a meaningful dialogue with young people about the sorts of futures they might wish to see emerge. This paper argues that a number of social and…

This article talks about a meeting on "Higher Education in Recessionary Times" on March 24, 2010, which was hosted by the Society for Higher Education Research Policy Network. Although the meeting did take place in the context of an expected General Election, and on budget day, there was a general sense on the day that whoever won the…

In this article, the author offers his reflections on the American economy and its "slow, gradual, and tedious" recovery. What the American people are experiencing now is not one of the ordinary recessions that have been experienced since World War II. What they have seen is a bursting of a bubble in the credit markets and in financial…

Many people are finding themselves in the middle of a messy muddle these days. Faced with budget cuts and the challenge of extending the reach of the institution to increase enrollments, people are in the classic do-more-with-less situation. In this article, the author discusses how distance-education programs can rapidly grow with limited…

Vietnam has made remarkable progress over the past two decades in its transition to a market economy resulting in numerous changes to both its social and economic institutions. It is a nation at peace focusing on economic development and integrating into the world economy. Although the tragic events in Vietnam's history cannot be forgotten, the…

While significant attention has been paid to Wall Street investors and families impacted by the current subprime mortgage crisis in the USA, the lives of Sesame Street are minimally discussed. Children and their families are enduring a variety of consequences of foreclosures. The consequences can be hugely disruptive to the approximately 2 million…

In his article titled "A Quarter Century of Neoliberal Thinking in Education: Misleading Analyses and Failed Policies," Steven J. Klees gives readers a remarkably thorough and extensive critical assessment of the "Great Experiment" in education. He also shows readers that, in the USA as well as in the less developed countries,…

In his book titled "Unequal Democracy: The Political Economy of the New Gilded Age," Larry M. Bartels wrote that "the familiar image of a party system transformed by Republican gains among working-class cultural conservatives turns out to be largely mythical." According to Bartels, who is director of Princeton's Center for the Study of Democratic…

This paper argues that we have a theory--namely, opportunity structure theory--which can account for how school-to-work transitions were accomplished "then" and "now", and also why "now" is different from "then". Opportunity structures are formed primarily by the inter-relationships between family backgrounds, education, labour market processes…