I stopped reading her blog long ago because it started getting increasingly inflammatory, quite transparent controversy for the sake of page views. Looks like she hasn't a milligram of respect left, can't get any worse than this.
Foreign investments + a small elite that can order people around. The education level in Britain during the industrial revolution was pretty low, and it follows that any higher would be unnecessary for a developing country.
It would be different if you wanted to skip the sweatshop-stage, but I don't think any country of any size really has.
Making use of higher education requires an economy in which they are useful, and to build such an economy requires enormous capital expenditures in infrastructure, manufacturing goods etc. What good are skills, if you have neither the tools of the trade nor the problems to apply them to?