Nightlife
It is unusual to sum up the results of the...
a yarn about a geopolitical bogeyman. He is now studying comparative labor productivity of educated and uneducated people. He knows that according to the estimate for America, a college graduate is three times more productive than a person who has completed nine years at school. In formulating his estimates of China"s growth Fogel takes into account the fact that the number of college students in China grew by 165% from 1998 to 2002, the number of students studying abroad went up by 152%, and has continued growing.Fogel is using his research to work for the reform of American education planned by President Barack Obama. He referred to China just to illustrate an idea, which has nothing to do with it.
As always happens in such cases, the Nobel Prize winner was told why he got it wrong. Maybe China became the best car market last year but only 4% of China"s population have their own cars. What will happen if this figure rises to American levels, seeing a 20-fold
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