Many countries have experienced major economic changes since the mid-1980s as a result of the deregulation and liberalization of national financial systems – two key aspects of globalization – with some experiencing boom and bust in rapid succession. The small Northern European country of...

The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are...

In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country’s development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann...

The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market...

Die Volatilität, die in Ländern mittleren Einkommens (LMEs) mit einer Öffnung der Kapitalmärkte in den vergangen Jahren einher ging, führte bei vielen Kritikern dieser Politik zu der Forderung, die stark ausgeprägten Konjunkturzyklen und Krisen (Boom-Bust Zyklen) durch eine...

Intro -- Contents -- Preface -- Series Foreword -- 1 Introduction -- 2 The Crisis of the Early 1990s -- 3 Macroeconomic Policies before and during the Crisis and in the Upswing -- 4 Renewed Growth and Structural Change -- 5 The Importance of Human Capital -- 6 The New Economy in Finland -- 7...