Read Online HOW PRODUCTIVITY RAISES ECONOMIC GROWTH (ECONOMY THEORY) PDF
⦁Economic growth leads human employment growthI believe that when one developed cuntry is experiencing stable economic growth, it can lead human employment growth in high technologic job market, but it can also bring unemployment to low knowledge or skill job, such as cleaning, laboring job market, due to artificial intelligence technology will replace many low skillful job in the future. I shall explain as below: I assume that it has positive relationship between the accumulation of human capital relation to total employment and GDP growth. It means that a positive relationship between economic growth and the demand for qualified labor are consistent with the hypotheses of the form in the industrial export sector positively influenced by the accumulation of human capital. I shall explain the reason why economic growth can lead positive human employment growth as below:Namik, (1965) explained that economic growth theories reflect on the continuous increases in the gross national product, because of interaction that occurs in a given environment; in a certain time period, including various changes in the presentation of productive factors in society labor, capital and nature resources to lead these radical changes to increase successive demand on commodities and hence an increase in national income.Hence, society labor knowledge or skillful development will be one important factor to influence any country’s economic growth. If the country has many good educational and skillful labor, then the country will have more possible to raise economic growth for long term, due to they can apply their expertise skills and knowledge to attribute to their country’s different kinds of high skillful or knowledge jobs or occupations to do in order to raise themselves country’s productivities efficiently. Hence, economic growth has more effort to raise human ( labor) these knowledge or skillful development in possible. Considering how economic growth leads labor’s skillful and knowledge development positively, I shall indicate these factors as below:Firstly, on manufacturing industry labors development factor hand, I assume that China’s industrial export sector has been positively influenced by the accumulation of human capital , due to many China young people who had graduated any different kinds of degrees, e.g. engineering, education, law, accounting, business, management, chemical , medical , architectural , biology, medicine, computer science, earth science, space science, ocean science, environmental science etc. different kinds of subjects from overseas universities or local universities. Them they apply their expertise knowledge to attribute their skills to do any kinds of professional jobs in China’s society. Due to China’s sudden economic growth , so it reflects on the continuous increase in the good gross national product, because it occurs in a given good economic environment in a certain time period, due to the global different kinds of China’s product number need is increasing as well as many China product manufacturers need many high educational and skillful labors to attribute their effort to help them to develop their businesses in China during the good economic growth period.
