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Contribution of human capital towards economic growth in China Joshua, John. Date submitted Keyword s Economic development - China Structural adjustment Economic policy - China Human capital - China China - Economic conditions - China - Foreign economic relations Summary The major theme is the structural transformational growth of China's economy.

Is There A Secret Growth Hormone Added To China's Economy?

Aggregate measures of human capital has had no effect on either provincial output levels or growth rates. When human capital has been disaggregated, vocational education is the only category of human capital which has a positive effect.

Language eng Description of original 2 v. Dewey Decimal Classification Title Contribution of human capital towards economic growth in China. Joshua, John.


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Although university enrollment tripled in the 10 years between and , rural and lower-income young people still face clear disadvantages. Improving economic security for the elderly is another challenge.

Under China's current, highly fragmented public pension scheme, pension programs for urban and formally employed citizens are relatively well established and generous, but rural residents and those employed in the informal sector do not have adequate access to public pension programs and, thus, remain highly vulnerable in their old age. Extending public pension programs to these groups will be challenging in the face of a slowly growing workforce and a swelling elderly population.

One policy change that would help address this challenge would be to raise the retirement age. As its population ages, China should be prepared to make better use of the productive potential of older people.

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Overall, successful human-capital investment is essential for achieving sustainable economic growth and improving the wellbeing of all age groups. Free Download: PDF. Related Staff:.

Andrew Mason.