Human Resource Leapfrogging

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Human Resource Leapfrogging, a term coined by Harvard Economist Richard Freeman, describes how developing nations  “with many less-educated peasants and relatively few scientists and engineers can compete” in industries that have traditionally been dominated by advanced countries. The example that he uses is the IT industry, which has relatively high knowledge requirements as a barrier… Continue reading Human Resource Leapfrogging

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Luxury Hotels are increasing in China

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Market forces are leading to more Luxury hotels being build in China. It is probably that the recent uptick is a result of the complementary forces of increased native Chinese incomes which lead to increases in domestic tourism, and increasing  expectations from western tourists that they be able to enjoy the same luxury accommodation that… Continue reading Luxury Hotels are increasing in China

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The Middle Income Trap

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“China’s policy makers are already focused on how to change the country’s growth strategy to respond to the new challenges that will come, and avoid the “middle-income trap.” That is clearly reflected in both the 11th and 12th Five Year Plans, with their focus on quality of growth, structural reforms to harness innovation and economic… Continue reading The Middle Income Trap

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Summary of China CPI changes for September

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Consumer price index indicators are out for September and prices have risen by 3.1% year-over-year. The price index separates out rural and city price changes, which were 3.3% and 3.1% respectively. The month-on-month price changes reflected a rise of the same amount, 0.8%,  in cities as well as in rural areas leading to an overall… Continue reading Summary of China CPI changes for September

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“The mountains are high and the Emeperor is far away. “

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China is vast and to govern it all under a single unified set of policies is difficult given the diversity of geography, traditions, and lifestyles. There is a false vision of a unified, and uniform, china that stretches from the coast to the Himalayas, but in  reality there is a brad spectrum of lifestyles within… Continue reading “The mountains are high and the Emeperor is far away. “