ABSTRACT
In this chapter, I will examine the impact of higher education on emerging markets in an international and historical context by examining the role of higher education in relation to economic and social development and to the foundation of a strong emerging market. The principal questions posed are, What is the relationship between education and economic development? What is the relationship between higher education and development? How does development set the stage for emerging markets? I take the position that a certain amount of development must occur before a nation can be labeled an “emerging market” and that although development has many aspects, higher education plays a major role. This role has been perceived and described by many leaders and scholars from both the less developed and the developed nations.
