Jump to ContentJump to Main Navigation
The Knowledge Capital of NationsEducation and the Economics of Growth$
Users without a subscription are not able to see the full content.

Eric A. Hanushek and Ludger Woessmann

Print publication date: 2015

Print ISBN-13: 9780262029179

Published to MIT Press Scholarship Online: September 2015

DOI: 10.7551/mitpress/9780262029179.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 22 September 2021



(p.1) 1 Introduction
The Knowledge Capital of Nations

Eric A. Hanushek

Ludger Woessmann

The MIT Press

The history of the past half century shows that economic growth differs sharply across regions of the world. Neither the phenomenal growth of East Asia nor the disappointing performance of Latin America would have been predicted in 1960 by conventional models but are unified by consideration of what is learned in schools as measured by international assessments. The argument is that education equips people with the skills that make them more productive in their work. It also conveys the knowledge and competencies that enable them to generate and adopt the new ideas that spur innovation and technological progress and thereby increase future prosperity. The chapter also illustrates the importance of focusing on long-run growth.

Keywords:   East Asia, Long-run growth, Latin America, Historical growth, Education

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.