Conclusion and Implications
- 225 Downloads
China has undergone enormous economic changes in the past 30 years and it now faces important decisions regarding how best to sustain this unprecedented level of growth. While its past success was built mainly on its population dividend and heavy investment in manufacturing and infrastructure, its future growth will rely more on devising a strategy for making the best use of its talent, both at home and overseas. This will above all involve luring Chinese talent studying and working abroad back to the Middle Kingdom. Cheap labor has fueled China’s development over the past three decades, but due to the heavy reliance of that growth on old manufacturing industries, heavy use of resources, especially energy, and environmental damage, this approach is no longer sustainable. China now stands at a crossroads in which it must shift to a new growth model involving knowledge-based activities, and doing this will necessitate attracting a larger share of global talent to work in the country.
KeywordsTalent Program Middle Kingdom Local Talent Receive Government Assistance Global Talent
Unable to display preview. Download preview PDF.