We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems...

Over the past half century higher education has become an ever more important part of developed economies as an every greater number of young people need to prepare for a more complex world. This paper compares the response to this challenge in France and the US. This is a particularly...