1. Shaping Knowledge Societies UNESCO Symposium Geneva, Switzerland Gary S. Becker University of Chicago

2. An Investment in Knowledge Pays the Best Interest Gary S. Becker

3. Wage Premiums by Education Level United States 1963 - 2001 Source: Murphy, Erin S. “How pervasive are the Gains from Schooling.” St. Norbert College, Working Paper, April 2003. Gary S. Becker

4. Adjustment for Income Growth in Future: 10% + 4% = 14% Returns to English and Schooling by Year Men Aged 30-55 - India 1980-2000 19801985199019952000 0 0.05 0.10 0.15 0.20 0.25 English Schooling Source: Provided by Mark R. Rosenzweig from his own calculations.

5. Returns to Education - China 1988- 2002 YearSampleRate of Return to Education 1988Urban – Males3.3% 20025 cities - Males6% Adjustment for Income Growth in Future: 6% + 6% = 12% Sources: 1988: Johnson, Emily N., and Chow, Gregory C. (1997). 2002: Provided by Mark R. Rosenzweig from his own calculations.

6. Expenditures on Education India, China, United States 2000 Public Expenditure on Education as % of GDP China2.2 India4.1 United States4.8 Gary S. Becker Source: UNESCO, UIS Global Statistics.

7. International Students in the United States by Leading Places of Origin 2002/2003 International Students in the US by place of origin International Students in the US by place of origin per million of population India74,60371.1 China64,75750.3 Republic of Korea51,5191,066.9 Japan45,960361.3 Taiwan28,0171,239.5 Total International Students 586,32397.4 Source: Open Doors 2003, IIE. The World Factbook, CIA. Gary S. Becker