Peru is in the central, western part of South America. It is the third largest country in South America and number 20 in the world. It is the country with the fourth highest population in South America. In 2010, the gross domestic product (GDP) of Peru was 154 billion USD, and its rate of growth was 8.8% (higher than the average for the region for…

The promise, embraced by governments around the world, is that the knowledge economy will provide knowledge workers with a degree of autonomy and permission to think which enables them to be creative and to attract high incomes. What credence should we give to this promise? The current economic crisis is provoking a reappraisal of both economic…

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…

Much of what is written about colleges and universities ties rapidly rising tuition to dysfunctional behavior in the academy. Common targets of dysfunction include prestige games among universities, gold plated amenities, and bloated administration. This book offers a different view. To explain rising college cost, the authors place the higher…

Adam Smith used the metaphor of an invisible hand to represent the instincts of human nature that direct behavior. Moderated by self-control and guided by proper institutional incentives, actions grounded in instincts can be shown to generate a beneficial social order even if not intended. Smith's concept, however, has been diluted and distorted…

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.…

Presents an outline map of Great Britain which shows the "assisted areas" as defined by the Department of Trade and Industry. Reviews the types of assistance provided, which range from grants available for both service and manufacturing industries to create or safeguard employment to funds for capital expenditure. (JDH)

Following a review of the current challenge to the United States economic system (especially in the area of foreign competition), describes and critiques industry/education relationships. Considers methods by which educational institutions can secure assistance from private industry to help make possible the offering of high technology curricula.…

Examines and discusses two views of political economy: (1) the classical model of Adam Smith; and (2) the social capitalist model associated with Friedrich List. Explores two varieties of vocational education and training that emerge from a comparison of Smith's and List's ideas. (CMK)

This report describes major education initiatives in support of economic development in New York State. The report sketches the major changes taking place in New York State's economy and reviews the role of educational institutions in upgrading standards, retraining the state's labor force, and providing information and research services. It also…

This study presents an analysis of economics instruction for high school students in various nations in the world and a rationale for economics instruction in Russia to develop a market-oriented economy. The development of the present economic curriculum in the United States is traced and the "Framework for Teaching Economics" (1977),…

Reports on aspects of technological change essential to economic progress in the United States. States that workers need to be more adaptable, research needs to be more focused, and managers need to be more open-minded. (RT)

These proceedings present 5 keynote addresses and 28 session papers focusing on creation of environments for stimulating entrepreneurial activities. The keynote addresses are "Entrepreneurial Leadership--A Performing Art" (Gordon L. Lippitt); "Innovation & Entrepreneurship at Work in a Large Company" (George F. Troy);…