INEQUALITY, HUMAN CAPITAL, AND INNOVATION: CHINA’S REMAINING BIG PROBLEMS

WU D.¹, WU Z.²*, WANG J.³, ZHAO Z.^4
1Fitzwilliam College, University of Cambridge, UK.
²Nottingham Business School, Nottingham Trent University, UK.
³School of Contemporary Chinese Studies, University of Nottingham, UK.
⁴School of Labour and Human Resources, Renmin University of China, Beijing, China.
* Corresponding Author : zhongmin.wu@ntu.ac.uk

Received : 01-12-2013     Accepted : 24-02-2014     Published : 28-03-2014
Volume : 5     Issue : 1       Pages : 233 - 237
Int J Econ Bus Model 5.1 (2014):233-237

Keywords : Inequality, Compensation of employees, Human capital accumulation, Innovation, Economic reforms
Conflict of Interest : None declared

The purpose of this paper is to analyse China’s current problems in inequality and compensation of employees, and their impact on human capital accumulation and innovation, which is one of key factors influencing the sustainable economic growth in China in the following decades. We have analysed the economic reforms in China in the past three decades and discussed the future economic development strategy of China from the perspective of human capital accumulation and innovation.

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