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International Monetary Fund. External Relations Dept.

This paper highlights that despite severe limitations of resources, developing countries have made substantial progress during the past three decades in sending more children to school and in generally improving their education systems. Enrollment of children in schools at all levels has expanded at unprecedented rates. There has been a significant decline in the proportion of adults who are illiterate—from 44 percent in 1950 to 32 percent in 1975. Public expenditures for education have increased steadily in developing countries to reach roughly the same share of national product as in industrialized countries.

George B. Baldwin

Although business men in developing countries may justifiably feel that they are breaking new ground in advancing its industrialization, as a group they follow a predictable pattern of activity.