Human Capital Investment and the Middle-income Trap International Experience and Facts of China
- 10.2991/emle-16.2017.3How to use a DOI?
- middle-income trap; human capital investment; education improvement
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.
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
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 - Proceedings of the 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 - 10.2991/emle-16.2017.3 ID - Feng2016/12 ER -