Since the advent of political independence, many governments in Africa have looked to themanufacturing sector as the main vehicle of structural transformation and reduction of dependenceon primary exports. However, it is now generally accepted that “misguided attempts to...

At regular intervals during the past 20 years, George Psacharopoulos has presented aggregate rates of return (RORs) to investments in education for each major geographical region. He argues forcibly that clear global ROR patterns are discernible. Perhaps the most well known of these is that the...