Question

How would YOU explain the fact that relative costs of and returns to higher education are so much higher in developing than in developed countries? (plagiarism is considered STRICTLY)?

Answer 1

In the past two decades, there has been a massive rise in the number of university students and graduates worldwide, which would have contributed to a decline in the rate of return on investment to higher education – if, of course, supply outstriped demand. While overall levels of return have decreased somewhat, investment in education is still a highly profitable investment. Global demand for high-level skills like dealing with new knowledge and problem-solving has sustained strong returns to schooling in even the world's poorest countries. In fact, in low-income countries, the returns to higher education are higher – except in the Middle East and North Africa due to rigid labor market regulations. Cost-benefit analysis isn't the only technique used for educational purposes Timing. The two key alternatives used in many countries are
Human resources planning and the social demand approach, each of which was the Subject of much criticism. Although these approaches are not discussable in The relevant key points from each need to be outlined in detail here.Little (1986) has more recently been critical of manpower planning in developing countries For generally overlooking the needs of rural areas and towns, the very areas in which much of the Inhabitants are expected to stay. A recent report by the World Bank, articulated in similarly adverse words, has drawn conclusions. It argued that, for a number of reasons, manpower preparation had evidently failed: the strategy was primarily implemented at the level of people with higher education and Tended to ignore those with lower education levels, that is, the vast majority of the workers; Limits itself to the headcounts and ignores the effects of wage and other price movements; mainly uses employment data relating to the public sector and/or large private firms, whereas in developing countries the majority of workers are liable to be employed in small firms and/or in the informal sector; is based on the historical relationship between production and labour, which is then extrapolated; forward decades ahead; assumes a one-to-one correspondence between.

Formal education is the largest "industry" in many developed countries, and the largest customer of the public Returns. Poor nations invested enormous sums of money in education. The explanations for this are numerous. Founded It is thought that farmers with at least a primary education are more productive and responsive to new Agricultural innovations relative to the farmers who are illiterate. Specially trained craftsmen and mechanics, able to read and write It is assumed that they are better able to keep up with the changing products and materials. Higher Education Graduates with a certain knowledge of arithmetic and clerical skills are required for technical and clerical execution Administrative roles of through bureaucracy, both public and private. Many citizens are in former colonial countries To substitute leaving expatriates with these skills, too. Graduates of Universities with specialized training are Needed to provide the professional and managerial expertise needed for modernisation of the public and private sector Branch. In addition to these obvious needs for manpower planning, the people themselves, rich and poor alike, have exercised Great political pressure for developing countries to expand their school places. Parents knew
That in an era of scarce skilled labor, the more education and the more certificates their children are able to get Accumulate, their chances of getting safe and friendly would be higher well paid. More years of studying They were viewed as the only way of hoping poor children would avoid poverty. These forces result in Acting on both demand and supply, public expenditure on LDCs has accelerated tremendously Education in the last 3 decades?. The proportion of national revenues and expenditures spent on Education grew rapidly. In Asia, total public expenditure during the 1960s and 1970s tripled; in Africa
And Latin America more than doubled its public education spending. In reality, public increaseIn the 1960s and 1970s expenditure on education exceeded any increase in any other sector of the economy. By the Like In the late 1980s, education budgets in many Third World nations consumed between 15% and 27% of the total  government recurrent expenditure. Because this is a substantial overall budget expense, the production of But nations spend just $229 per capita on public education, compared with $468 per capita spend In the Industrial World. Additionally, with decreasing or stagnant economic growth combined with rising debt Repayment burdens, most governments in the Third World — primarily the least developed African countries and Asia — were forced to curtail their education (as well as health and social services) in the 1980s and early 1990s;  bugdet .

for example The solution is simple for all those who have eyes to really see ... Higher education is a Western racket. The US drafted doctors into the military during the Vietnam War. This was renamed Project Berry. This created a shortage of physicians within the USA. Unable to produce doctors from one day to the next! Physician immigration was allowed, to solve this problem. Creating another Third World epidemic ... the Brain Drain. The best and the brightest emigrated into the United States. I said making a Brain Drain was safer ... than having a brain in a tube! The USA recruited medical doctors who were professionally qualified at zero cost. They stopped the programme, as soon as the war was over. Higher education is today merely a rent-seeking system. Another example I'll give you ...... my roommate is a pilot. He has a flying deal with Ryanair. But they do need a Boeing 737 Type Rating. It costs only 33,000 €for this necessity. He is taking out a loan to receive this "training" in Amsterdam, co-signed by his father. To get to continue flying for Ryanair. He's now invested 80,000 euros on becoming a pilot. Now he's got to pay for another arm and leg, find a job! He is 27 years old, and is now in debt, probably for life, to the banksters. Evidently the German Azubi system is the highest possible education system! Businesses employ and pay unskilled employees to know. They are offered a job when they finish, and if they complete the minimum standards required. With those concerned this is a win-win plan. It's not making debt. The Wright brothers invented powered aircraft, then, returning to the pilot. Nobody taught them how to float! How could this be? Ohne License?? Flying is still dependent on the economy, just like medicine or any other STEM field.