This article revisits the Mincer earnings function and presents comparable estimates of the average monetary returns associated with an additional year of education across different regions worldwide. In contrast to the traditional Ordinary Least Squares (OLS) method commonly employed in the literature, this study applied a cutting-edge approach…

In world regions receiving direct foreign aid, beneficiaries of aid often lack the education required to remove themselves from poverty. Micro-lending refers to the initiation of small loans to the neediest of borrowers who are unable to secure traditional financing from financial intermediaries. In order for micro-lending to thrive as a viable…

After decades of neglect, African universities have become the focus of intense interest by U.S. universities, foundations, and donor agencies convinced that without stronger higher education, the continent's development prospects will remain bleak. This attention is notably different from such efforts in the past in sub-Saharan Africa, which have…

This collection of 17 essays focuses on trends and issues in higher education from an international perspective. It includes: (1) "Introduction" (Zaghloul Morsy); (2) "The Idea of the University: Changing Roles, Current Crisis, and Future Challenges" (Torsten Husen); (3) "Patterns in Higher Education Development: Towards…

This series addresses the relation of education to knowledge-based growth and broader measures of development beyond growth, central features of the modern world in which education has a central role. This role includes the effects of education on pure economic growth including its effects on the creation, adaptation, and dissemination of new…