The current growth of higher education has increased the concentrations of students in residential areas in urban centers (Smith, 2005). Most of higher learning institutions have open doors policy for both the local and international students that translate into the influx of students from different cultural backgrounds in residential areas. The firms owning residential buildings interpret studentification as a benefit to their business (Sage, Smith, & Hubbard, 2012). These companies usually inflate the rental charges to match the increased housing demand. The social cohesion in the residential communities has also been adversely affected by the growing number of students in ...
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The global financial crisis of 2007-to-date is cited as being among the worst ever to affect the world since the credit crunch of the 1930s popularly known as the Great Depression. Coupled with the financial crises, a massive sovereign debt crisis advanced among leading national investors all over the globe and the most affected were the majority of European governments. The Eurozone crisis made it difficult for most nations to re-finance their debts leading to the creation of rescue packages and bailouts to prevent the collapse of economies that were in between the depth crises. Member states within the European ...
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