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Easterly, William – Education Next, 2002
States that despite spending massive amounts of money to expand their educational systems, poor countries have witnessed a 4-decade decline in their medium economic growth rates from 3 percent in the 1960s to zero percent in the 1990s. Offers several reasons for the decline, such as variations in the quality of education and low labor…
Descriptors: Developing Nations, Economic Development, Educational Economics, Educational Quality