Proceedings of the 2016 2nd International Conference on Economy, Management, Law and Education (EMLE 2016)

Human Capital Investment and the Middle-income Trap International Experience and Facts of China

Authors
Jun Feng
Corresponding Author
Jun Feng
Available Online December 2016.
DOI
https://doi.org/10.2991/emle-16.2017.3How to use a DOI?
Keywords
middle-income trap; human capital investment; education improvement
Abstract
As the "Lewis turning point" occurred and the demographic dividend disappeared, China is facing the risk of falling into the middle-income trap. Both theory and international experience show that human capital investment is the key to avoiding the middle income trap. However, human capital accumulation in China now faces problems such as impaired motivation for education, unbalanced allocation of educational resources, and insufficient higher education opportunities. In response to these, we may draw on the experience of Japan and Korea in going smoothly through the middle-income phase. China needs to increase investment in public education, improve the structure of such investment, further popularize higher education, and develop continuously vocational education and on-the-job training, so as to provide solid human capital foundation for overcoming the middle-income trap.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Proceedings
2016 2nd International Conference on Economy, Management, Law and Education (EMLE 2016)
Part of series
Advances in Economics, Business and Management Research
Publication Date
December 2016
ISBN
978-94-6252-291-6
ISSN
2352-5428
DOI
https://doi.org/10.2991/emle-16.2017.3How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jun Feng
PY  - 2016/12
DA  - 2016/12
TI  - Human Capital Investment and the Middle-income Trap International Experience and Facts of China
BT  - 2016 2nd International Conference on Economy, Management, Law and Education (EMLE 2016)
PB  - Atlantis Press
SP  - 11
EP  - 15
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-16.2017.3
DO  - https://doi.org/10.2991/emle-16.2017.3
ID  - Feng2016/12
ER  -