By Denis Fred Simon
In lower than thirty years, China has turn into an immense strength within the international financial system. One function of its fast ascent has been an incredible enlargement of the country's technology and know-how features, resulting in the emergence of a big and more and more well-educated expertise pool. but China unearths itself engaged in an inner debate to whether its complete strength might be realised. on the middle of this debate lie a couple of uncertainties surrounding the standard, volume and powerful utilisation of China's S&T group. Written by means of prime specialists within the box, this ebook is the 1st in 40 years to handle those severe matters. development on fascinating new learn and a plethora of accomplished statistical fabrics, its findings can have major coverage implications either for China and the foreign neighborhood, specially when it comes to matters in relation to nationwide competitiveness and innovation capability.
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Additional info for China's Emerging Technological Edge: Assessing the Role of High-End Talent
Although conflicts are not inevitable, the potential for dissension is very real and remains ever present. This makes it imperative to ensure that prevailing uncertainties about the size, use, location, and quality of the country’s talent pool are reduced. It is hoped that the data and analysis in this book will make a contribution in this regard. 2 China’s talent challenge Ironically, even as the numbers concerning China’s production of new scientists and engineers have continued to rise in a dramatic fashion, there have been conflicting perceptions about the actual talent situation in China.
Heckman (2005) points out, China’s policies during the reform period have favored physical investment over human capital investment, although the latter as measured by the rate to education and skill formation is very high. In fact, as discussed in this book, despite recent increases in overall investment in the education sector, China’s government budgetary expenditure on education as a percentage of GDP has been significantly lower than that in many countries and has not reached the 4 percent target set up for the year 2000.
As Schumpeter and others have shown convincingly, innovation is an important engine of economic growth. Even more important, innovation has the potential to reshape the prevailing global economic and technological landscape. This is especially true for late-comer economies which seek to catch up and perhaps even leapfrog ahead. Without an ample-sized cohort of well-trained scientists and engineers who can carry out research and development (R&D) activities and turn research into new, commercially viable products and services, their future prospects may be quite limited.
China's Emerging Technological Edge: Assessing the Role of High-End Talent by Denis Fred Simon