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.
Repressing one’s passions is the best method to nourish one’s heart.
(Mencius)
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Notes
E. Todd, L’origine des systèmes familiaux, Gallimard, 2011.
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© 2015 Dominique de Rambures
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de Rambures, D. (2015). Investment in Human Capital. In: The China Development Model. Palgrave Macmillan, London. https://doi.org/10.1057/9781137465498_6
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DOI: https://doi.org/10.1057/9781137465498_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-49955-7
Online ISBN: 978-1-137-46549-8
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