Chinese Studies in History · 2002 · 36 citations · 0 references
East Asian StudiesEconomic DevelopmentDevelopment EconomicsEndogenous Growth TheoryPowerful EngineEconomic HistoryEconomic GrowthProductivityEconomic LiteracyNational DevelopmentChinese PoliticsEconomicsAverage QualityEducation EconomicsNational EconomiesChinese CultureWorld Economic HistoryBusinessEconomic ChangeReturned Scholars
The degree of economic development in a nation roughly reflects the average quality of that nation's manpower. In nations that have a high gross national product per capita, the citizens also have a higher than average level of education. The rate of highly educated manpower is also higher in the education structure of such a nation. In the early twentieth century Alfred Marshall, the great economist at Cambridge University, already stated that "knowledge is the most powerful engine for production."