Political Economy And Its Impact On The American Economy

Political economy is defined by how political policies and economic processes work together to influence society. It encompasses the notion that political systems influence economic systems and vice-versa. Similarly, in America today, it is apparent that the economy heavily effects the education system. Evidently, the American education system also impacts the American economy. There is a complex relationship involving interaction between educational policy and the political economy, which includes concepts such as: race, class, democracy, and economics. Educational policy is embedded in larger social, economic, and political contexts which make up the modern political economy. American universities were poised to welcome millions of young adults who headed off to institutions for higher learning this fall. It is engrained in today’s society that a college degree is imperative to students preparing to enter the American work force. However, despite earning a college degree â⠂¬Å"83 percent of college seniors graduated without a job this spring† (is your student prepared for life?). It is an alarming reality for college graduates, the fact that upon graduating, positions are often part time, low wage, or unrelated to their college degree or career interests. In his article, Is Your Student Prepared for Life? Ben Carpenter suggests that in order to be certain that college students are prepared for life post- graduation: â€Å"colleges need to create, and require for graduation, aShow MoreRelatedThe Impact Of United States On America927 Words   |  4 PagesIntroduction For a long period, Americans have been trying to explore the benefits that have been since the individual States of America joined to form what currently known as United States of America. 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