This article revisits the Mincer earnings function and presents comparable estimates of the average monetary returns associated with an additional year of education across different regions worldwide. In contrast to the traditional Ordinary Least Squares (OLS) method commonly employed in the literature, this study applied a cutting-edge approach…

This paper presents a perspective on the capacity of colleges and universities during past and present economic shocks. The main argument is that the environment of the global recession--an Asia far more economically integrated than during past economic shocks, with more unified aspirations to be globally competitive and socially responsible--no…

In the era of knowledge economy today, social development and progress are much more relying on HEIS (higher education institutions) than ever before. Besides, the three familiar missions of "training capable persons", "doing research" and "serving the society", in the tussle of knowledge race in East Asia, a new…

Industries in developing countries could counterbalance the western monopoly on higher education by investing more in research at local universities and consequently improving the local human resources talent pools and the overall world rankings of the local universities. What is more, with the perceived lack of necessity for university faculty…

This series addresses the relation of education to knowledge-based growth and broader measures of development beyond growth, central features of the modern world in which education has a central role. This role includes the effects of education on pure economic growth including its effects on the creation, adaptation, and dissemination of new…

In the midst of the global recession, how have national governments viewed the role of higher education in their evolving strategies for economic recovery? Demand for higher education generally goes up during economic downturns. Which nations have proactively protected funding for their universities and colleges to help maintain access, to help…

In the United States, developing "human capital" for both economic and social benefit is an idea as old as the nation itself and led to the emergence of world's first mass higher education system. Now most other nations are racing to expand access to universities and colleges and to expand their role in society. Higher education is…

Provides cross-country estimates on private rates of return to higher-education qualifications across various transitional economies spanning Central and Eastern Europe, Russia, and the former Soviet Union. Rates tend to rise in most transitional economies over the period considered. Rate variabilities help explain variabilities in wage…

IMHE-Info is the newsletter published by the Institutional Management in Higher Education (IMHE) programme. This issue includes: Spotlight on IMHE and its Environment, including comments from Donald J. Johnston, Barry McGaw, Richard Yelland, and Marijk van de Wende. IMHE News, publications of interest and upcoming events are included.

This paper addresses the educational implications of the geopolitical changes arising from the associated processes of globalisation and regionalisation for the small island states of the South Pacific. As an educationist whose research field combines analysis of the New Zealand educational reforms undertaken over the last decade within a wider…

Data analyzed in this study are drawn from varied sources including documents provided by governments in the context of the World Bank's operational activity. The data on a basic set of indicators were assembled for a core of 11 Asian countries (Bangladesh, China, India, Indonesia, Korea, Malaysia, Nepal, Papua New Guinea, the Philippines, Sri…

Challenges the prevailing Western approach to education by asserting that several Asian nations have and are developing a distinctive approach to human resource development. Describes characteristics of this approach and contrasts it to the Western model. (CFR)