The aim of this paper is to examine the evolution of recruitment of elites due to globalization. In the last century, the main change that occurred in the way the Western world trained its elites is that meritocracy became the basis for their recruitment. Although meritocratic selection should...

Countries in which there are two channels of education may have a separating equilibrium in which individuals with high abilities learn in elite universities and individuals with low ability learn in standard ones. Elite universities have higher budgets, better scholars, better labs and a better...

This paper links the two fields of “development traps” and “brain drain”. We construct a model which integrates endogenous international migration into a simple growth model. As a result the dynamics of the economy can feature some underdevelopment traps: an economy starting with a low...