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Early Human Capital Investment:Chinese Experiences Africa’s Industrialization Path

Date:03/23/2019

Early Human Capital Investment:Chinese Experiences Africa’s Industrialization Path

  This research project discusses the social and public welfare issues behind Africa's economic growth, as well as its lack of real development. In light of China's development experience, this paper analyzes the dilemma facing Africa in copying the free market economic development path of Western countries. By suggesting that Africa should enhance human care and early human capital investment to achieve more inclusive development, this paper offers Oriental wisdom to the sustainable development of late-moving economies including Africa. This research uses empirical analysis to discuss the relationship between early human capital investment and long-term economic growth and reveal the positive effects on long-term economic growth. On this basis, the path of development that gives greater human care will be put forward. Adopting a combination of site survey and data analysis to examine the current development stage of African countries, the current industrialization stage of each country, as well as the priorities of industrialization. Early human capital investment index is combined with the index of economic development gaps to estimate the development potentials of various countries. In particular, this part will focus on examining the development potentials of African countries as late-moving countries and problems that restrained their potentials and put forward relevant countermeasures based on the concept of early human capital investment. Examining the economic momentum and institutional arrangements of China of the past four decades of rapid growth, focusing on the efforts made by China in human care and the level of early human capital investments. China’s advanced experiences will be recommended to late-moving countries including African countries to provide reference for African countries to realize their development potentials.

Copyright: Institute of West-Asian and African Studies, CASS
Address: Zhang Zizhonglu, Dongcheng District P.O.Box 1120, Beijing 100007, China