The University in the New Corporate World

Abstract

Over the last twenty years concepts of efficiency and exercises in rationalization have stimulated unfettered economic growth in the corporate world. Although organizational rationalization is premised on “win–win” outcomes for all stakeholders, it has been accompanied by increasing levels of poverty, a widening divide between the rich and the poor, and worsening environmental degradation. Further, globalization of production and finance activities means that its social repercussions are not confined within national boundaries. Consequently, there are renewed calls to re-regulate the global economy as a means of injecting some sense of sustainability into the scramble to get rich.The reconfiguration of the University is one of the last, but central, pieces required to complete the globalization jigsaw. Education plays a significant role in maintaining the hegemony of growth within political and economic debates regarding the future direction of societal “progress”.