Developing countries rapidly are increasing the number and quality of college graduates, generating a sea change in the relative education advantage that advanced nations have enjoyed over literally hundreds of years, according to an analysis released by The Conference Board, New York, the global research and business membership organization

Developing countries rapidly are increasing the number and quality of college graduates, generating a sea change in the relative education advantage that advanced nations have enjoyed over literally hundreds of years, according to an analysis released by The Conference Board, New York, the global research and business membership organization.

"Given recent trends in primary education, the world economy may achieve near universal literacy within a generation," declares Gall D. Foster, executive vice president and chief economist.

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