|
If you are seeing this message, you may be experiencing temporary network problems. Please wait a few minutes and refresh the page. If the problem persists, you may wish to report it to your local Network Manager.
It is also possible that your web browser is not configured or not able to display style sheets. In this case, although the visual presentation will be degraded, the site should continue to be functional. We recommend using the latest version of Microsoft or Mozilla web browser to help minimise these problems.
Wiley InterScience | ||||||||||||||||
  Review of International EconomicsVolume 13 Issue 3, Pages 529 - 548 Published Online: 6 Jul 2005 © 2010 Blackwell Publishing Ltd International Economics and Finance Society
Abstract | References | Full Text: PDF (Size: 180K) | Related Articles | Citation Tracking  The Political Economy of Education and Development in an Open Economy * An earlier version of this paper was presented at the workshop on "Poverty and Income Inequality in Developing Countries," organized by CEDERS and the OECD Development Center, Marseille, 27–28 November 2000. Later versions were presented at seminars in the World Bank, IGIER, and the Royal Economic Society Conference in Durham. We thank two anonymous referees for useful comments and suggestions. Copyright Blackwell Publishing Ltd 2005. Abstract
If the price effect of opening up a developing economy may be expected to act as a disincentive for investment in human capital, the opposite is likely to be true of the income effect, especially in the presence of credit market imperfections among the poor. It is shown in this paper that this may no longer be the case in a society initially dominated by an oligarchic capitalist elite that is afraid of losing its political control in favor of an educated middle class. Although it may sometimes be in its interest to democratize by subsidizing education when the economy is closed, incentives to do so disappear when the economy is open to trade or factor flows. | 
|
IT'S TIME TO RENEW
| ||||||||||||||
