MATH 125 Lecture Notes - Lecture 3: International Development Association, World Bank, Washington Consensus
Document Summary
Globalization of education: refers to the worldwide discussion, processes, and institutions affecting local educational practices and policies, treats individual nations as being in dynamic relations with global education processes and discourses. Wwii: find a way to reduce global economic stability and then peace should be easier to reach. International bank for reconstruction and development (ibrd: provides loans to middle and low income nations. !1: provides interest-free loans to the poorest nations. World bank group: provides technical assistance to developing nations, guarantees against losses for investors in developing nations and arbitrates investment disputes. Ontological commitments: era of post industrial, knowledge economies, shift to jobs that require knowledge and technical stills, we want more inventors, innovators, and entrepreneurs. Excellence and accountability: market forces as arbiter of success and failure. Knowledge economy: emphasizes that knowledge has become the most important factor in economic development.
