Abstract:
This paper attempts to discuss the sustainability of global economic growth within the framework of endogenous growth theory. Although the global economy remains sluggish and many short-term problems are yet to be resolved, we should realize that the endogenous economic forces, among which knowledge accumulation and human capital accumulation are of the utmost significance, are capable of pushing the economy forward. By implementing carefully designed policies and rules that enhance human capital and stimulate innovations, China will be able to set the wheel of sustained growth in motion and transform into the world knowledge center. For this to happen, China needs to attract global talents.
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