To Pay Attention to Investment in Human Capital and to Revitalize Old Industrial Bases in Northeast China

Dianwei Qi, Li Li

Abstract


In 2003, the Central Committee of the Communist Party of China made an importance decision to revitalize old industrial bases in Northeast China. quite a large number of experts and academics have provided specific resolutions to how to revitalize old industrial bases in Northeast China. However, there are still some people who hold the idea of waiting, depending and asking, and they believe that only if the country provides loan, policy and project, can old industrial bases in Northeast China be revitalized. To revitalize old industrial bases in Northeast China is a long term process, so offer of loan, policy and project by the country can only resolve demand for momentary use. The top priority is still to integrate human capital and strengthen vigor of investment in human capital. In view of the above situation, this article points out significance of investment in human capital compared with investment in material capital and mentions that in the process of revitalizing old industrial bases in Northeast China, in addition to offer of loan and project by the country, we should change our mind and make use of our intelligence and wisdom to strengthen vigor of investment in human capital and to revitalize old industrial bases in Northeast China.

Full Text: PDF DOI: 10.5539/ass.v7n1p38

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Asian Social Science   ISSN 1911-2017 (Print)   ISSN 1911-2025 (Online)

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