This paper is an effort to establish the financial sector in developing countries to promote financial literacy of their customers. This could have access to finance and savings, which in turn support livelihoods, economic growth, sound financial systems, and participate in the economy. The main objectives of this paper is to enhance a bank's…

In the introduction to his article, "Aid, Development, and Education," Klees (2010) poses the question, has the "hundreds of billions of dollars in international aid... loaned to [or otherwise targeted to "assist"] developing countries through bilateral and multilateral mechanisms... helped?" He then posits the question to be "too complicated to…

In a study by the World Bank in 1993, "Skills for Productivity: Vocational Education and Training in Developing Countries," researchers found that skill training in the rural and urban informal sectors in developing countries may contribute more to the alleviation of poverty than training for modern sector wage employment. They also…

A global revolution has been taking place in higher education during the past half-century. In the educators' view, four fundamental and interrelated forces have impelled the current academic revolution: the "massification" of higher education, globalization, the advent of the knowledge society and the importance of research universities…

Immiserizing growth is a long-term phenomenon that occurs when the gain in a country's social welfare arising from economic growth is more than offset by the loss in such welfare associated with an adverse shift in the terms of trade. In one case explored many years ago by Jagdish Bhagwati, immiserizing growth occurs in a developing nation that…

DEVELOPMENT MONOPOLY is a simulation game that allows players to experience how power relations influence the agency of different socioeconomic groups, and how this can induce poverty and inequality. Players alter the original rules of the MONOPOLY board game so that they more accurately reflect social stratification and inequalities in the…

In order to develop capacity to link knowledge to economic growth in developing countries, there is an urgent need to make quality the major element of higher education systems. In Iran, a developing country, such a need was felt a decade ago in the academic community. Based on research projects conducted, a model that combines collegial…

The author combines the supply and demand model of taxes with a Cournot model of bribe takers to develop a simple and useful framework for understanding the effect of corruption on economic activity. There are many examples of corruption in both developed and developing countries. Because corruption decreases the level of economic activity and…

Technology has dramatically changed the world--now almost anyone can "move" at Internet-speed; people who were marginalized are able to find information on acquiring micro-loans to start businesses, and villages previously unconnected to the telecommunications grid now have affordable cell phone access. As technology becomes easier to…

There is a general presumption among many policy makers that secondary and higher education is not necessary for economic growth and development. On the other hand, it is literacy and primary education that is argued to be important. Estimates on internal rate of return also contributed to strengthening of such a presumption. Accordingly,…

Considerable resources have been spent to rescue a few countries from crises caused by dramatic shifts in financial inflows and outflows. Measures should be sought to render the institutions and mechanisms of international financial transactions more transparent, accountable, and supportive of the delicate balance between short-term stability and…

Uses large-scale survey data to analyze status of vocational training among firms in Taiwan. Vocational training in Taiwan, not widely practiced, needs to be strengthened. Factors relevant to training costs, such as labor turnover rates, and factors relevant to training benefits, such as concentration ratios, labor productivity (salary), and…

Discusses the economic situation in the non-Arab nations of Africa. Presents two opposing views of the efforts of the World Bank at adjusting the financial programs of governments of developing countries. Suggests that perhaps with cooperation the cycle of poverty and disease can be broken in Africa. (DK)

Throughout the developing world, there is a debilitating lack of connection between tertiary education and economic growth. As a result, many tertiary institutions fail to address the particular human capital needs of the productive sector, thereby constraining economic growth, productivity and innovation. Existing employment opportunities go…

This article is an edited version of an address by Abdul Waheed Khan to a Special Convocation at Jamia Hamdard University, New Delhi, on 4 January 2005. Professor Khan identifies major societal trends and likely future developments, with particular reference to India. He argues that knowledge will play a central role in shaping economic growth,…