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Published in:
2015 | OriginalPaper | Chapter
Investment in Human Capital
Author : Dominique de Rambures
Published in: The China Development Model
Publisher: Palgrave Macmillan UK
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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.