Bloomberg: To Conquer World, China Needs to Get Smarter

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Photo credit: 
Rural Education Action Program

Author Michael Schuman writes an opinion piece informed by Scott Rozelle's publication Past Successes and Future Challenges in Rural China's Human Capital 

"Many investors and economists continue to believe China’s rise to global economic greatness is inevitable. Modern history, however, tells us that graduating from emerging- to a developed-economy status is hardly automatic. An overly intrusive state, dependence on debt, feeble gains in productivity and poor resource allocation are all reasons to fear China might struggle with the transition like so many nations before it...'China must significantly raise its level of human capital if it wishes to attain high-income status. In the end, China can only be as competitive as its people.'"

 

Read the full story here.