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Investment in Human Capital

In: The China Development Model

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  • Dominique Rambures

Abstract

Over the centuries, Chinese capital was scarce while human resources were both plentiful and cheap. This may be one (amongst other) reasons why China did not experience the Industrial Revolution. At the present time, capital is plentiful and cheap; however, the human factor is becoming scarce in terms of both quantity and quality. In twenty-first century China, the government has to juggle with these two factors simultaneously: reining in the demographic growth while investing in the human factor.

Suggested Citation

  • Dominique Rambures, 2015. "Investment in Human Capital," Palgrave Macmillan Books, in: The China Development Model, chapter 5, pages 88-102, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-46549-8_6
    DOI: 10.1057/9781137465498_6
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