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China's Investment in Education Seen Accelerating Overall Economic Development
Policies contribute to competiveness, but could widen regional divide, MAPI reports
Arlington, VA — June 12, 2008 — China's increasing investment in its educational system will accelerate the move toward rapid wage growth, higher levels of consumer demand, slowing population growth, and overall economic development, according to a new report from the Manufacturers Alliance/MAPI.
The report, "China's Educational Performance: Implications for Global Competitiveness, Social Stability and Long-Term Development," is the latest in a series of MAPI research notes on the evolution of the Chinese economy and its impact on the emerging global economic order.
Economist and report author Cliff Waldman notes that since the 1990s, when China made higher education a priority, the share of graduates from senior secondary schools who continued on in higher education has risen significantly, from nearly 50 percent in 1995 to 75 percent by 2006.
China's progress in higher education enrollment places it in the midrange of the enrollment status of major developing and industrialized nations. The gross enrollment ratio in tertiary education reached 20 percent in 2005 from 6 percent in 1999. China's percentage is above India's 11 percent and Vietnam's 16 percent, yet remains well behind that of Japan at 55 percent and the United States at 83 percent.
The report, "China's Educational Performance: Implications for Global Competitiveness, Social Stability and Long-Term Development," is the latest in a series of MAPI research notes on the evolution of the Chinese economy and its impact on the emerging global economic order.
Economist and report author Cliff Waldman notes that since the 1990s, when China made higher education a priority, the share of graduates from senior secondary schools who continued on in higher education has risen significantly, from nearly 50 percent in 1995 to 75 percent by 2006.
China's progress in higher education enrollment places it in the midrange of the enrollment status of major developing and industrialized nations. The gross enrollment ratio in tertiary education reached 20 percent in 2005 from 6 percent in 1999. China's percentage is above India's 11 percent and Vietnam's 16 percent, yet remains well behind that of Japan at 55 percent and the United States at 83 percent.
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