Is China up to the Test？ A Review of Theories and Priorities for Education Investment for a Modern China

This paper reviews the key theories relating to the role of education in economic development and social change and how education, as a critical component of total factor productivity, contributes to sustained economic growth. It examines how China ＂s education policy reflects the country＇s unique dual economy. Focusing on the post-reform period, the paper contends that while progress has been made, there are risks to China＇s future growth prospects from failing to reap the benefits of sound education policy. It argues that if the Chinese education system is to continue to be a driver of rather than a drain on economic growth, and if China is to successfully manage its transition towards more inclusive, sustainable and equitable growth, reforms will be needed to improve the quality of education at all levels and to create an environment in which China＇s extensive human capital is duly recognized and respected. Crucially, the education system should be transformed to ensure it promotes a comprehensive range of human capabilities, including those that go beyond the part humans play in augmenting production possibilities.     

The relationship between human capital and the economic growth in China

Human capital is one of the most important factors to promote economic growth. It is critical both on theory and practice to study how human capital investment and accumulation promote the economic growth in China. The thesis takes Lucas＇s Human Capital Spillover Model as the analysis tool. Through SPSS 14.0 software, it uses the serial data from 1992 to 2006 to analyze the human capital＇s correlation and contribution to the economic growth, so as to find out why the human capital contribution to economic growth is low. And then, in order to increase the human capital accumulation, it puts forward the relative strategies which include paying more attention to the importance of human capital, greatly developing education, improving the quality of human capital and investing more on the human capital of enterprises.     

The role and place economy in Plato＇s Republic

In the Republic, education and the economy play very important roles for establishing the ideal city united and ruled by a philosopher, but the significance of the economy is ignored by both philosophers and researchers. In order to achieve his goal, Plato has to answer two questions that how a city is possible and how the ideal city is possible. This paper focuses on how economy factors affect Plato＇s project.     

The Global Development of Human Resources Strategy

At present, developed countries pay more attention to personal power training; they plan a new personal power strategy. Since the successful personal power strategy needs multi-opening thought, it is necessary to contact those factors which correlate with the development of economy and society in the world. It needs to harmonize with the economy and society strategy and develop with times. It needs to not only summarize one＇s own experience, but also compare with other country＇s, to analyze and reference their personal power strategy, and to increase its rationality.     

The Study of Private Science and Technology Enterprise＇s Knowledge Management in China

The private science and technical enterprise holds the extremely important status in national economy. Therefore, how to complete the private science and technical enterprise＇s knowledge management is very important .for its development. This paper analyzes the problems existing in the private science and technical enterprise＇s knowledge management, and then proposes the corresponding countermeasures to promote its development to a very great degree.     

Restriction of cost of capital＇s property right and financing preference of listed companies

Opposite to the financing preference of creditor＇s rights in western firms, Chinese listed companies obviously have the financing preference of shareholding. This paper uses the theory of property for reference, and redefines the concept of cost of capital in a higher level, and considers it as the property of investors. Through a mathematics model, the author analyzes that how restriction of cost of capital＇s property right makes influence on the financing preference of firms, and considers that it is the restriction of cost or the imperfect cost of capital＇s property right that influences the financing cost of shareholding and creditor＇s rights, hence, determining the financing preference of listed companies. In other words, it is the restriction of cost of capital＇s property right that causes the financing preference of creditor＇s rights in western firms, and the imperfect cost of capital＇s property right is the reason for the financing preference of shareholding of Chinese listed companies.     

Adjustment of Macro-economic Development Pattern on the Development of China＇s Agriculture

The paper argues that the development of China＇s agriculture is constrained by the industrial bias macro-economic development patterm The role of agricultural development in a dual economy is also studied. It is argued that a fundamental adjustment to the macro-economic development pattern is needed to balance industrial and agricultural development.     

R＆D,Human Capital Investment and Productivity： Firm-level Evidence from China＇s Electronics Industry

Usingfirm-level panel data covering 2005-2007, the present paper examines the effects of R＆D and human capital investment on productivity in China＇s electronics industry. It is found that both R＆D and on-the-job training positively contribute to total factor productivity （TFP）. Firms＇ investment inemployees＇ health insurance andpensions, whichare components of workers＇ compensation, generate a productivity-enhancing effect, supporting the efficiency wage hypothesis. The estimated impact of R＆D on productivity varies among different forms of ownership, and foreign-owncd enterprises experience higher R＆D efficiency than state or private enterprises. After controlling for potential endogenous causality between TFP and R＆D, the above findings remain unchanged We also find that on-the-job training can improve the quality of human capital and is helpful in promoting productivity. Therefore, establishing indigenous technological capability through various technological sources is quite important, and the government should devote further effort to investing in human capital.     

The trend of enterprise business model development-business ecosystem

With the rapid development of economic globalization and network, dynamic uncertainty further intensifies in the operation of social economy. The competitive model is further developing to the complication direction. Simultaneously, enterprise＇s cooperation will also have more development. In this environment, enterprises will gradually evolve into competition of ecosystem. The future performance of the business model is also a form of competition. This article mainly discusses the business ecosystem connotation and the characteristics, explains the strategy types and strategy of the business ecosystem＇s survival and development, and finally puts forward the business ecosystem health and the maintenance measures.     

Comparative Analysis of Capital Productivity in China＇s High-Tech Industries

While labor productivity is a topic of constant debate and has been studied extensively, far less attention has been devoted to the question of capital productivity. Productive use of physical capital is an important source of economic growth and investment return. This paper presents a comparative study of capital productivity in China‘s high-tech industry. Using a version of the perpetual inventory method (PIM), new estimates have been made of the physical capital stock by sector. Capital productivity in China‘s high-tech industry is higher than in total manufacturing, but the gap between them has been shrinking. Comparison with high-tech industries in the US., highlights that China‘s high-tech industries could play a more important role in the growth of manufacturing and the whole economy.     

Research on Early Warning System for FDI utilization risk

Although the Foreign Direct Investment （FDI） has greatly improved the development of China＇s economy, its menace has also gradually appeared. With the help of quantitative and qualitative methods, this paper made a research on the impact of FDI on China＇s economy by applying Early Warning System （EWS）, so as to measure the safe coefficient of China＇s FDI utilization, make timely prediction and, in addition, suggest specific foreign capital management and controlling strategies for the policy makers to adopt under various conditions.     

Effectiveness of Capital Controls and Sterilizations in China

Since 2003, China has been facing a trilemma of determining how to maintain independent monetary policy and limit exchange rate flexibility simultaneously, while facing persistent and substantial international capital flows. The present paper is an empirical evaluation of the effectiveness of China＇s sterilizations and capital mobility regulations, measured by sterilization and offset coefficients, respectively, using monthly data between mid-1999 and March 2009. We find that the effectiveness of China＇s sterilizations is almost perfect in terms of the monetary base, but not in terms of M2, and that China＇s capital controls still work but are not quite effective. Recursive estimation reveals that increasing mobility of capital flows and decreasing effectiveness of sterilizations might undercut China＇s ability to maintain monetary autonomy and domestic currency stability simultaneously. To solve the trilemma smoothly, China＇s monetary authority should continue to relax the management of the exchange rate, and take further steps towards deregulation of capital outflows.     

State Fragmentation and Rights Contestation： Rural Land Development Rights in China

The functionalist reasoning of institutional changes builds on individual rationality and explains institutional changes from the demand side. While insightful, a comprehensive understanding also needs to take into account the supply side, The state, as the ultimate supplier of institutional changes, plays the pivotal role of agency; therefore, its willingness and ability decide how such regime change occurs and what partieular form the new regime takes. Since the mid-1990s, the Chinese economy has embarked on a path of rapid industrialization and urbanization. The contestation over rural land development rights in China offers an excellent case to illuminate the importance of state agency in institutional changes. Drawing on case studies in China＇s three major urbanizing regions, this article analyzes how villages brought their own land directly to the land market and reaped handsome profits. We argue that the three successful cases, Nanhai in Guangdong, Kunshan in Jiangsu and Zhenggezhuang in Beijing, all represent a product of active agency on the supply side. The Chinese state＇s fragmented authority provides a favorable institutional environment for such changes.     

Study on HRM innovation based on knowledge management

The literature about the knowledge economy has marginalized its most important dimension-people. The development of human capital and its role in the competition in relation to the changed nature of the employment relationships between workers and their organizations are examined. The paper also holds that the continuum perspective, in which knowledge in a particular context has both tacit and explicit characteristics, is of particular value when considering the knowledge strategy of an organization. Whereas the former perspective presents a well-known dilemma, the continuum perspective permits the specification of a strategy in which the advantages of both tacit and explicit knowledge can be obtained, in principle. The paper puts forward the explicit/tacit dilemma that leads to a possible way forward in resolving the dilemma for organizations through the human resource management.     

People＇s Mobility and Guanxi Networks： A Case Study

The increase in the movement of people from rural to urban areas since the mid-1980s represents the largest labor migration ever experienced in China. Because migration is a process of selection, it is imperative that the major dynamics determining the selection are studied. What are the critical characteristics of migrants that help them to realize their mobility from rural areas to urban areas？ While educational attainment, gender, age, marital status and personal skills are important variables in the selection process, the present paper examines how social networks （guanxi connections） play a significant role in the process of migration selection in China. A case study from one of the northern villages in rural China is used to explore how social networks have shaped and given meaning to migration. The present paper elaborates on how people＇s social mobility has coincided with and been reinforced by people＇s physical mobility.     

On the Coordinated Development of Urbanization and Rural Economy in China

Urbanization is one of important missions in china＇s modemization. The most vital task in the advancement of urbanization is to increase peasants＇ income and appropriately solve the issues concerning agriculture, rural areas and peasants, thus ensuring the accelerated development of rural economy. This paper mainly discusses five issues that urgently need solving in the development of rural economy and urbanization. They include peasant＇s qualification and right of the real management entity in the market, financial support, circulation and transference of agricultural land, welfare and social security of peasants and fairness of taxes on peasants.     

Analyses of the Knowledge-based Operation of Intellectual Capital and the Organizational Innovations in a Corporation

A sustainable core-competitiveness has survive in a knowledge-based economic environment. been what a corporation must try to achieve if it is to That the entire corporation can achieve its sustainable core-competitiveness is to rely on the operation of the intellectual capital, a wholly new mode of management, in addition to using and restructuring its present human, structural and market capitals available. Knowledge distribution-based organizational innovations in a corporation will result in the overall improvement of the corporation＇s organizational functions and the sharpening of its sensitivity about knowledge, which in turn, will guarantee the sound performance of the intellectual capital operation. In this paper, the author explores the basic aspects concerning the organizational changes in an intellectual capital operation-oriented corporation.     

知识资本、吸收能力与产业创新绩效的影响研究——来自高技术产业分行业数据的实证检验

In the study of the influence of knowledge capital on the performance of industry innovation , based on the perspective of absorptive capacity, this paper use the panel data of high-tech industry in 2003-2014 to make an empirical analysis. This result shows that knowledge capital has a significant effect on the performance of industrial innovation, but the ability to absorb knowledge is not prominent. From the perspective of composition of knowledge capital, R&D capital and R&D human capital play positive roles in promoting innovation performance; About different dimensions of absorptive capacity, both potential absorptive capacity and actual absorptive capacity can promote innovation performance，but the ability to absorb knowledge is lower，higher R&D intensity has a significant competitive advantage for innovation performance, R&D institutions help to enhance absorptive capacity. The research has an exploratory effect on how to improve the efficiency of knowledge capital is to be absorbed and transformed to improve the performance of innovation.     

对盈利质量的需求与中国资本市场的基本面分析

It was reported that Chinese fund managers are patiently planning for the long-term with expectations that China‘s market conditions will improve, recognizing that regulators continue to take steps to improve corporate transparency. This paper discusses the relevance of high quality publicly available earnings information, how accounting standards influence the quality of reported earnings, and how capital market participants act as monitoring forces for earnings quality. Using the U.S. market as a benchmark, this paper considers earnings quality characteristics and monitoring forces in the context of the Chinese market. My overarching premise is that high quality analysis of high quality accounting information is crucial for the efficient flow of resources through a capital market. Thus it is instrumental to the growth of China‘s financial market and its economy. To this end, the paper summarizes potential impediments to high quality earnings and high quality analysis in China.     

Socialism Market Economy： Innovations on the Way Which Brings China to Prosperity

Only when a country creates a unique market economy pattern that is suitable for its own, will it be able to head for prosperity. China has created its socialist market economy pattern. From the history of the social development pattern of major countries and areas in the world, this paper expounds and proves the scientific character of innovations on the way which brings China into prosperity; forecasts and differentiates China＇s three development stages in the future according to the appraisal index; and finally concludes that in order to complete the first stage, that is the transforming transition period, transformation of four patterns must be done.