Private interests are increasingly becoming commonplace inside education. In today’s economic globalization, the attainment of knowledge is seen as the key difference between economies that succeed and economies that stagnate or fail. Perhaps more precisely, it is knowledge that determines if an individual — not a national economy—succeeds or fails. We call this the “knowledge economy” and it is one of the main reason why private interests have entered education systems. Private interests in education range from private schools and private textbook and examination companies to the emerging belief that education is an individual, positional good that can be purchased and to the financialization of education where companies buy and sell student debt. It also includes things such as evidence based policy and information technology

Our guest today, Professor Gita Steiner-Khamsi sees herself as a second generation researcher of educational privatization. Whereas the first generation of scholars aimed at describing the phenomenon, she attempts to explain — or theorize — it. How can we explain the rise of a global education industry?

Gita Steiner-Khamsi is a Professor at Teachers College, Columbia University in New York City. She is a co-editor of the newest World Yearbook of Education, which focuses on “The global education industry.” The volume was co-edited with Antoni Verger and Christopher Lubienski and is the focus of today’s show.