In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the prices of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2002), Brazil (1999), Korea (1997), Mexico (1994), and Thailand…

Parents, educators, government ministers and policymakers in all contexts and countries around the world are concerned with learning and how to improve it. There are many reasons for this, but none is more important than the fact that learning is at the heart of success at the individual, community and global levels. Learning First is the title of…

"The Development Data Book," published by the World Bank presents statistics on countries with populations of more than one million. The statistics relate to economic development and the changes it is bringing about in the world. Sometimes called indicators, the statistics are measures of social and economic conditions in developing and industrial…

This report profiles nine economies linked by Asian identity, yet marked by great economic and technological disparity, in order to project which economies will be full-fledged participants and competitors in tomorrow's high-tech product markets. Based on the various indicators of technological activity and competitiveness presented in this…

In the new environment of increased international trade and investment flows, human resources represent the key competitive edge of this interconnected global economy. The share the United States has of worldwide output is shrinking. This issue explores data that provide a snapshot of how globalization is affecting the economy and changing its…

Upon first examination, Rwanda does not seem an ideal place for business investment and development. It is a landlocked country, often described as the "land of a thousand hills," surrounded by neighbors at varying stages of socioeconomic progress and stagnation. Because of the underdeveloped transportation infrastructure and a lack of…

Since his inauguration in July 2001, Peruvian President Alejandro Toledo has proposed to take actions in the areas of macroeconomic stabilization; reopening of country's access to international financial markets; budget modernization and state decentralization; social policy; revamping of the armed forces, police, and internal security services;…

An extensive survey of empirical research on education as related to poverty, growth, and income distribution is presented, with the focus on 21 developing nations. The study uses the latest available data on alternative measures of income distribution, income shares of various population groups by income classes, and poverty ratios. The analysis…

The flow of developing country students to developed countries is examined from the perspective of the sending authorities in developing countries and the loss of foreign exchange to developing nations. The implications for expansion of higher education in developing nations are discussed. (MSE)

Reviews the role of education and human-resource development in the process of modern Korean economic growth. Korea is becoming increasingly industrialized and is rapidly reorganizing its labor-intensive industries into knowledge and high-tech industries. The next phase of the educational and human resources challenge will be to develop…

Noting that is often assumed that there is a surplus of education in India, where the literacy rate is three in ten, this paper questions the assumption that the economic returns to investment in Indian education are negative. The case of India is reviewed: a circumstance in which the existance of unemployment has led to the unjustified assumption…

Problems in employment and education in Mexico will remain in spite of the rapid economic growth expected from the expanding petroleum industry. The structural problems of the job market and education are analyzed with particular reference to higher education. Commentary by Michael Olivas accompanies this article. (JMF)

Technology provides a new and effective tool for accelerating economic growth, and developing countries are embracing technology and education as the means toward attaining economic parity with the United States and other developed nations. Evidence suggests that this strategy is paying off. Developing countries are building a technology…

Designed to serve as the basis for systematic collection of statistical information for government and the private sector, this bulletin presents a wide variety of economic indicators in tabular form. The data, selected to facilitate government and private planning efforts, are displayed in 25 tables and 27 graphs. Information is organized under…

Educational developments in the Middle East are analyzed in terms of the relationship between educational systems and developmental goals, especially manpower. Accompanying commentaries by Orin D. Parker and Joy W. Viola contend that educational quality has been sacrificed for quantity and that judgment of the system must be made within a cultural…