Proponents of critical global studies are committed to identifying the ways in which neo-liberal ideology and an Americanized world picture rationalize the multinational…
Proponents of critical global studies are committed to identifying the ways in which neo-liberal ideology and an Americanized world picture rationalize the multinational exploitation of impoverished groups and their resources. The authority of this field raises untimely questions about how such a critique can itself avoid rationalization. The influence of critical global studies was manifest in the 2002 Documenta11 in Kassel, Germany, directed by Okwui Enwezor. In its aim to represent the Zeitgeist of contemporary art every five years, the Documenta is widely regarded as the most significant event in the art world. The 2002 Documenta relied predominantly on visual media to archive local instances of socio-economic inequity and persecution. The prestige of this exhibit marks the “global” Documenta11 as a crucial opportunity for studying the strategic deployment of a high cultural venue to promote critical awareness among comfortable spectators from industrialized nations. In officiating an overtly political agenda for the exhibit, the curatorial team took the risk that Documenta11 might encourage visitors to take self-affirming pleasure in their sense of “enlightened” solidarity with its aims. The exhibit was also in danger of reifying the very suffering it displayed as a means to an institutionally sanctioned end. The Frankfurt School explicitly targets the egoism of “affirmative culture” which includes the culture of critique. This case study draws on their theory of reification in order to enunciate the limits of global critique at Documenta11 while highlighting discontinuities in its format and reception that complicate a facile rejection of its archival rationale.
– The purpose of this paper is to provide a cohesive review of the major findings in the literature concerning the Global Financial Crisis.
The purpose of this paper is to provide a cohesive review of the major findings in the literature concerning the Global Financial Crisis.
Papers published in top-rated finance and economics journal since the crisis up to the present were reviewed. A large number of these were selected for inclusion, primarily based on the number of citations they had received adjusted for the amount of time elapsed since their publication, but also partly based on how well they fit in with the narrative.
Much has been done to investigate the causes of the Global Financial Crisis, its effects on various aspects of the financial system, and the effectiveness of regulatory measures undertaken to restore the financial system. While more remains to be done, the existing body of research paints an interesting picture of what happened and why it happened, describes the interrelationships between the mortgage markets and financial markets created by the large scale securitization of financial assets, identifies the problems created by these inter-linkages and offers possible solutions, and assesses the effectiveness of the regulatory response to the crisis.
This study summarizes a vast amount of literature using a framework that allows the reader to quickly absorb a large amount of information as well as identify specific works that they may wish to examine more closely. By providing a picture of what has been done, it may also assist the reader in identifying areas that should be the subject of future research.