Purpose: This study examines whether education in developing countries directly impacts their foreign income from the top export sector. Design/methodology/approach: As most developing countries follow developed nations to shape their development, this study assumes developing countries as education-follower and developed countries as…

Educational indicators offer a straightforward means of gauging a country's education. Besides, evaluation based on these indicators is of great significance and value. Nonetheless, education does not take place in a vacuum, and thus these indicators are results of the conditions in a country. Particularly, time and money spent on education, the…

This paper revisits the relationship between human capital and income inequality, using an updated data set on human capital inequality and a novel database on earnings inequality. We find an inverted U-shaped relationship between these two inequality indicators, but with significant differences across countries regarding the turning point.…

Education is a purposeful activity and has great implications for both the individuals and the societies. This paper examines the social and economic benefits of education in developing countries in general and Pakistan as a developing country, in particular. The study is ex-post facto research in nature and primarily based on the secondary data.…

Among linguistic minorities of industrial nations proficiency speaking the dominant national language increases earnings and wages, but do similar results apply to autarkic linguistic minorities of developing nations? We contribute to studies of the returns to language skills by applying the human-capital approach to a society of hunters,…

In response to the experience of the 1990s, the international community has adopted a set of international development goals for reductions in income poverty and improvements in human development indicators. The report states that attacking poverty in low- and middle-income countries is the greatest single challenge facing the global development…

The purpose of this study is to defend the view that education should be evaluated in terms of the capability to achieve valued functionings, rather than mental satisfaction or resources. In keeping with Amartya Sen's capabilities approach we argue that mental satisfaction provides an inaccurate metric of well-being because of the phenomenon of…

The Millennium Summit held in New York in September 2000 outlined the Millennium Development Goals (MDGs). The first of these involves the eradication of extreme poverty and hunger, setting two targets: halving by 2015 the percentage of the world's populace in 1990 with income less than US-$1 a day (i.e., cutting this percentage from 27.9 to 14%);…

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…

This article updates evidence on the returns to investment in education by adding estimates for new countries and refining existing estimates to bring the total number of country cases to over 60. Evidence reinforces earlier patterns, namely, that returns are highest for primary education, the general curricula, the education of women, and…

The human capital concept of neoclassical economics holds that increased education will lead to increased productivity and to higher wages. Job queue and labor market segmentation theories argue that improved education merely drives up employment criteria and that the socioeconomic background of the employee is a more significant indicator of…

Cost and benefits of education are studied by this collection of eight papers by economists in relation to issues of the genetic component of variation in intelligence, differences between integration and desegregation, and diminishing returns in educational expenditures. Silver's paper challenges the idea that better schools cannot be obtained by…

Rural development is understood to mean both the increased productivity of agriculture and other rural economic activities and the enhancement of the material well-being of the rural people (who comprise about 90% of Tanzania's 16 million population) through education, improved health, and better nutrition. Seven hundred and sixty-one books,…

The impact of school quality on students is most evident in less developed nations where it affects students' cognitive and behavioral outcomes. The study concludes that improvement in the quality of schooling would be more beneficial than expanded access to poorer quality education in less developed nations. (MD)

Approximately 20 million workers are presently living in countries other than their homelands in order to find better job opportunities. This labor migration is determined mainly by an income gap between the sending and receiving countries. Less important determinants are historical ties, cultural or linguistic affinity, and proximity. Emigrants…