INTB300 Essay Example | Topics and Well Written Essays - 250 words

INTB300 - Essay Example The author believes that while education is major element that is able to promote these ideals, it can, at the same time become a tool for the vested interest to play havoc with the lives of the innocent people. The financial scams, terrorism, child abuse etc. are few instances of misuse of education at its worst. Globalization has become an intrinsic part of contemporary social structure which needs to be understood for its wider ramifications on various spheres of human life. Indeed, historical events have been great facilitators to understand the change. One therefore must make efforts to understand the complex nature of changing social values and adopt them in their lives so as to exploit them for one’s own personal and professional growth. The current recessive trend in American economy is often contributed to President Reagan’s market policies and liberalization. But it is important to note that deregulation of banks was the major factor that had promoted riskier business propositions. It was during President Clinton’s administration that banks’ deregulation bill was passed. Hence, sub-prime loans of banks for housing had ultimately resulted in the collapse of American economy. Thus, one can say that economic reforms must be accompanied by effective government control