Saturday, 30 March 2013

International High Finance Dictates Education Curriculum of New Zealand!

International High Finance Dictates Education Curriculum of New Zealand!

Compiled by Iain Parker Sunday 9 August 2009

Information as to the top down influence of international institutions upon our tertiary curriculum and the serious implications if the ideologies those institutes promote are flawed, i.e. Global Credit Crisis, I will supply my usual supporting evidence from the mouths of the major players:

The below linked statement from RBNZ made Victoria University’s School of Economics and Finance the focal point for higher learning of NZ and many foreign students. Its curriculum has very much been unfettered free market laissez-faire monetarist economics overseen by external advisors from IMF etc or IMF etc foreign trained Kiwi's:

Current Foreign Fellow: Brief biography
Eric Leeper is a Professor of Economics at the Indiana University. He also holds positions as a director of the Centre for Applied Economics and Policy Research at the Indiana University, Research Associate at the National Bureau of Economic Research, External Advisor to the Sveriges Riksbank, and he has also been a visiting scholar at the Federal Reserve Board.
His area of expertise covers monetary theory and policy, and interactions between monetary and fiscal policy. He has published extensively in top academic journals like the American Economic Review, Journal of Political Economy, Journal of Monetary Economics, or Journal of Money, Credit and Banking.
Future Foreign Fellow:
Brief biography
Professor Michael Bordo will be visiting the Reserve Bank in 2009 as Professorial Fellow in Monetary and Financial Economics. In 2006-2007 he was Pitt Professor of American History and Institutions at Cambridge University.
Michael Bordo is a Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University in New Brunswick, New Jersey. He is a Research Associate of the National Bureau of Economic Research in the United States, and has spent time as a Visiting Scholar, Professor or Consultant at the IMF, the World Bank, central banks and distinguished universities both in the USA where he now lives and around the world.
Professor Bordo's primary research interests are in monetary and financial history. In recent years he has written on current and historical topics in financial stability and financial crises, monetary policy and central banking, exchange rate regimes, and globalisation.

Past Foreign Fellows, take your pick:
Then just go and investigate most every staff member of VIC, you will soon get the feeling that we have replaced the London and Chicago Schools of Economics as the training ground for the modern banking system drones:

Dawn comes to us from an extensive operational background in both the commercial and educational environments. She ran the swaps and capital markets desk for Barclays Bank in the Sydney markets. Prior to this, she worked with Challenge Bank in Perth, specialising in financial risk management and corporate planning, including structured tax deals. She has consulted for a number of major Australasian corporates, including the Sydney Electricity Corporation in debt management and Boral Australia as a specialist member of their Treasury review operation.

Executive Director and Professor, NZ Institute for the Study of Competition and Regulation,
Victoria University of Wellington, March 2004 - present
PBRF Grade: A
Professor of Finance, Otago University, January 1991-February 2004
Head of Department, Finance and Quantitative Analysis, Otago University, 1991 - 1996
Assistant Professor of Finance, Louisiana State University, June 1987- December 1990
Assistant Instructor of Finance, University of Texas. September 1986-May 1987
Teaching Assistant in Finance, University of Texas. September 1984- August 1986
Tutor of Economics, University of Canterbury. March 1981- November 1981
Visiting Scholar, University of Westminster, June-August 1999
Visiting Scholar, Georgia State University, August-October 1999
Visiting Scholar, Louisiana State University, October-November 1999
Visiting Scholar, Federal Reserve Bank of Atlanta, October 1996

Or Past Victoria Alumni, such lovely people:
Roderick Deane
In the past Dr Deane has been involved in the executive branch of Government, as Chairman of the State Services Commission, Deputy Governor of the Reserve Bank of New Zealand (and previously Chief Economist of the Bank), and an Alternate Executive Director of the International Monetary Fund. He was Chief Executive of the Electricity Corporation of New Zealand Limited from 1987 to October 1992 and then until 1999, Chief Executive Officer and Managing Director of Telecom Corporation of NZ Limited.
He has also been Professor of Economics and Management at Victoria University of Wellington, a Director of TransAlta Corporation Limited in Canada, Chairman of the Mayoral Business Advisory Group in Wellington, and a member of the Prime Minister's Enterprise Council.

Then if you wish to learn, from the most credible senior inside sources, the questionable intentions of the international institutes BIS, IMF, Worldbank etc, read these from former recent Chief Economists of IMF, Worldbank, who after failing in attempting to reform those institutions from within are now telling all of their disgusting activities:

Former IMF Cheif Economist Simon Johnson;
"The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, (2007-8) is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time."

The Hospital that makes you Sicker
Joseph Stiglitz won the Nobel Prize for Economics in 2001. He was Chief Economist of the World Bank between 1997 and 2000. So when he says that the IMF are ‘free-market fundamentalists’ working in the interests of Wall Street, the world ought to sit up and listen. The NI interviewed him in London.

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