Why China people are industrious but not rich pdf?

Why China people are industrious but not rich was written by Chen Zhiwu and published by CITIC Publishing House in 28. It is pointed out in the book that China has the largest and relatively cheap labor force in the world, and this labor force advantage can make up for the negative impact on China's economy at the initial stage of economic growth. How to make everyone feel "rich" from the increased human capital? Then it is necessary to help ordinary people "cash in" their human capital and further "securitize" their future income stream through financial system innovation.

Author: Chen Zhiwu

Publisher: CITIC Publishing House

Date of publication: October 1, 28

Number of words: 229,

Number of pages: 1

Number of pages: 219

Format: 16 folio < > Economy > > China economy > > General situation of China economy

Pricing: RMB 36.

Audio-visual teaching material

Product cover picture

Lecture: Chen Zhiwu

Composition: 3DVD+1 book

Publication: CITIC Publishing House

Year: 29

Pricing: 48 yuan

Editor's recommendation

. Experience shows that a country's more important wealth is its institutional mechanism that can promote wealth creation and its supporting free financial innovation system. This kind of institutional wealth is intangible, but it is more important and valuable than tangible "vast territory and abundant resources".

financial innovation is crucial for individual consumers, because these innovations can help liberate the consumption potential of residents and mobilize the driving force of economic growth. At the same time, property rights protection and other institutional mechanisms provide positive incentives for entrepreneurs and wealth owners, and provide stable expectations for further investment growth. Sufficient varieties of financial securities help the public avoid risks and allocate income at different times.

Introduction

In today's world, is diligence still the decisive factor of wealth and income? Are you still "hardworking and rich"? If not hard-working, what is it? Because whether for the poor or the rich, whether for the past or the modern, as long as enterprise is human nature, the topic of wealth will always be fascinating and will always be fascinating.

Author's brief introduction

Chen Zhiwu was born in Chaling County, Zhuzhou, Hunan Province in 1962. He received a bachelor's degree from Central South Institute of Mining and Metallurgy (now the predecessor of Central South University) in 1983, a master's degree from National University of Defense Technology in 1986, a doctorate in financial economics from Yale University in 199, and entered the University of Wisconsin as an assistant professor. In 1995, he was hired as an associate professor at Ohio State University and a tenured professor in 1996. In 1998, he founded Value Engine Company, and in 21, he founded Zebra Hedge Fund Company with two partners.

At present, he is a professor of financial economics at Yale University School of Management in the United States, visiting cheung kong graduate school of business. One of the most creative and active scholars in the fields of finance and financial asset pricing, he has won many major awards, such as the merton miller Research Award (winner of the Nobel Prize in Economics) and the Chicago Board Options Exchange Research Award.

In p>2, a ranking of world economists was published, which was approved by global economists. Among the top 1, economists, 19 were from China, and Professor Chen Zhiwu ranked 22nd. He was also named one of the "Top Ten Most Influential Economists in China" by The Wall Street Journal in 26.

main research interests: market supervision, capital market, securities investment management, corporate governance, corporate finance and organizational strategy, stock pricing, etc.