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Tags: China,
China devotes 3% of GDP to education compared to 5% in developed countries. The underinvestment in education and human capital can lead to stagnation in per capita incomes. This happened in Mexico. The inability to deal with bad loans in the banking system can lead to slowing economic growth. This happened in Japan. The bulldozing of schools of migrant workers reflects a failure to address balanced growth and a breakdown in assigning the right priorities.
Grouped Articles
Mexico and China look to trade away old rivalry - The Washington Post
Washington Post 04/18/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
Grouped Articles
Pollution Is Radically Changing Childhood in Chinaâs Cities
New York Times 04/22/2013
China Seeks to Calm Anxiety Over Rice
Wall Street Journal 05/22/2013
Wall Street Journal 06/25/2013
âAn Uncertain Glory,â by Jean Drèze and Amartya Sen
New York Times 09/06/2013
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
New York Times 10/22/2013
Grouped Articles
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
New York Times 10/22/2013
Economist 10/08/2009
Shanghai Schools Push Students to Top of Tests
New York Times 12/29/2010
Be skeptical of touting GDP growth numbers. China which has done this has learnt from this experience as it shifts to trying to assess the costs of environmental degradation in headlong industrialization. The U.S. and the shift to bigger houses and bigger cars, which later fed a collapse of housing and the auto industry show a different angle of this obsession with GDP numbers that can work constructively or destructively if not understood and managed properly. Air quality and pollution is a major problem in China and affects the quality of life.
Grouped Articles
Pollution Is Radically Changing Childhood in Chinaâs Cities
New York Times 04/22/2013
China Seeks to Calm Anxiety Over Rice
Wall Street Journal 05/22/2013
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Anger Spills Onto Brazil's Streets
Wall Street Journal 06/18/2013
Brazil's north-east: Catching up in a hurry
Economist 05/21/2011
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Keith Bradsher describes the life of one family of migrant workers in China. The dad is a worker in coal mining, the mother works in farms nearby. The daughter has made it to sophomore in college but lacks optimism for the future because of the lack of jobs in China for new college graduates. The parents see the daughter as someone who would care for them in their old age as they hardly have any retirement savings.
Grouped Articles
Strains Show in China's Job Market
Wall Street Journal 06/11/2013
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
New York Times 10/22/2013
A Dearth of Work for China's College Grads
BusinessWeek 09/01/2010
Left-Behind Children of China's Migrant Workers Bear Grown-Up Burdens
Wall Street Journal 01/17/2014
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