Abstract
In thirty years, Shanghai's economy has shifted dramatically from agriculture to industry and, more recently, services. With less than 10 percent of the workforce in agriculture in 1990, a limit is rapidly approaching for a continuation to this historical pattern. Government policy has been supportive of rapid modernization and economic growth, but despite a high level of educational investment in the past, we find evidence of underinvestment at present. We show how underinvestment in education, the shift to a market economy, and the constraint of housing that is not yet privatized are strongly interrelated.
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Hills, S., Fleisher, B. Education and Regional Economic Development in China: The Case of Shanghai. Comp Econ Stud 39, 25–52 (1997). https://doi.org/10.1057/ces.1997.14
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DOI: https://doi.org/10.1057/ces.1997.14