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In this video we’ll find out whether
The Chinese place great value on education and will suffer hardship to ensure their children receive a good education. As income levels have increased in
The Human Development Index is one of the most widely used indicators for measuring development in a country. It measures the average achievements of a country for three dimensions: a long and healthy life, access to knowledge and a decent standard of living. The data from the three dimensions, health, education and income, is merged to produce one value for each country. The scores range from zero to one. A country with a poor HDI or poor human development will be nearer zero, and a country with a good HDI or good human development will be nearer one. We can see how
Looking first at the graph for education, what is noticeable is that improvements in education are largely consistent with general trends of improvement for other countries. You can establish this by looking at the angle of the slope of
With the income of Chinese citizens growing more sharply than improvements in education a premium has been placed on education, because where a country is growing fast competition for well-paying jobs is likely to be intense. The extra income that Chinese families have is used to fund the best education they can afford for their children. Also the one child policy that
Let’s play this animation again. As we can see these aspirations are likely to be compromised, if not dashed, because of the growing difficulties graduates are having in securing well-paid middle class jobs. This is causing many families much anxiety, which is exacerbated by fear around paying off student loans. But this is not caused solely by the current economic downturn, there’s evidence that
The Chinese authorities were eager to move up the economic ladder away from low skilled factory jobs to highly skilled service jobs. In an economy where only 6% of the population have a degree it can be argued they felt this was a pressing priority. As this Guardian article shows growth rates have now slipped and the globe is in recession. The growth in the number of graduates could become a headache for the Chinese government. These educated, aspirational and indebted young people could start to demand a livelihood commensurate with their skills and agitate for change. How the Chinese government respond to these demands will need to be watched.
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