Finance, Research, Education and Growth

A crucial issue in the era of globalization and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Similar questions have been raised about education and its rate of social return; is education necessary for improving the skill of the workforce, or does it serve primarily to facilitate the adoption of these new technologies? This book brings together a case of leading international scholars to analyze the importance of education, research, and human capital and the impact of financial systems on growth and development.

Luigi Paganetto is Dean of the Faculty of Economics at the University of Rome, ‘Tor Vergata.’

Edmund S. Phelps is Professor of Political Economy at Columbia University.