We may examine the relationship between higher education and economic growth by comparing the Republic of Korea to the Republic of India. How do political educational decisions impact economic growth? Although both countries began with relatively underdeveloped economies at the time of their independence in the late 1940s, these two countries took…

India has emerged as one of the fastest growing economies in the world. Business magazines and newspapers routinely refer to India as an emerging global powerhouse along with Brazil, China, and Russia (commonly referred to as the BRIC economies). The Indian GDP has experienced a real growth of 8.9 percent from 2003-2007 and is projected to grow by…

Human capital is a broad and multifaceted concept encompassing many different types of investment in people. However, the key aspect of human capital has to do with the knowledge and skills embodied in people. Human capital has always been an extremely important determinant of individual and social progress. In the present scenario, it is the…

The economic reforms initiated in India in 1991 have brought about visible upliftment of economic conditions of the country. This paper examines if the economic process is associated with an enhancement of India's social development in equal measure in the reform decade of nineties. Ray (1989) considered thirteen social indicators of India and…

This article examines the role of education in "successful globalisation" and how this links with agendas for sustainable development. In the first part "successful globalisation" is defined as economic growth combined with equality and social peace. Japan and the East Asian tiger economies--particularly South Korea and…

This article reports that India's medical profession is in a crisis. For every 10,000 people in India there are only six doctors, compared with nearly 55 in the United States and nearly 21 in Canada. The problem is likely to get worse before it gets better. Professors are leaving medical schools for better-paying jobs in private hospitals and in…

Evidence from cross-country studies suggests that the sustainability of India's rapid economic growth will be conditioned by the quality of its education. This paper analyzed a 2005 World Bank-sponsored survey of Grade Nine students in the states of Rajasthan and Orissa. The survey used internationally comparable items from the 1999 Trends of…

In India's beleaguered higher-education system, the Indian Institutes of Technology (IIT) stand apart. The seven institutions have turned out some of the world's finest engineers and computer scientists, eagerly recruited by top graduate schools in the United States. Many of the institutes' graduates have gone on to become the chief executives of…

This article reports the finding of a study entitled, "Where the Engineers Are," conducted by a group of researchers at Duke University, which was published in the spring issue of Issues in Science and Technology and is a follow-up to a 2005 study. This new report on the number and quality of graduate engineering degrees conferred in…

Higher education in India has grown large since the country's independence in 1947. Starting from a small base, the pace of growth was initially rapid. Initially, the pace of growth was rapid. Enrollments grew by 13 to 14 percent per annum during the 1950s and 1960s. Over the past few decades, the growth rate has declined noticeably. Since then it…

China and India together account for almost 25% of the world's postsecondary student population. Most of the enrolment growth in the coming several decades will be in developing countries, and China and India will contribute a significant proportion of that expansion, since China currently educates only about 20% and India 10% of the age cohort.…

The dominant view today is of a global knowledge-based economy, driven by the application of new technologies, accelerating the shift to high-skilled, high-waged European economies. This view is reflected in the expansion of higher education and the key role of higher education in national and European economic policy. The Lisbon agenda seeks 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,…

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…

Public-private partnerships in education exist in various forms around the world, in both developed and developing countries. Despite this, and despite the importance of human capital for economic growth, systematic analysis has been limited and scattered, with most scholarly attention going to initiatives in the United States. This volume helps…