In this thought-provoking book, Surjit Bhalla contends that education is the new wealth of nations. Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, this book offers insights into the definitions of the poor, the middle class, and the rich, while relating each of these to advances in schooling attainment. While acknowledging the giant strides made by the developing world, The New Wealth of Nations also investigates the downsides to the explosion of education and technology, and why countries, rich and emerging, will have to explore options like basic income and negative income tax, so that a new welfare order, appropriate for the changed—and changing—21st century can emerge.
Surjit S. Bhalla
Member of the Prime Minister’s Economic Advisory Council (PMEAC), India
Shanta Devarajan
Senior Director, Development Economics and Acting Chief Economist, The World Bank
Rebecca Winthrop
Director, The Center of Universal EducationSenior Fellow, Global Economy and DevelopmentNancy Birdsall
Senior Fellow, President Emeritus, Center for Global DevelopmentDhushyanth Raju
Lead Economist, The World Bank