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Emerging Strategic Industries and Sci-Tech Human Resources Development in the USA

    Yang Yiyong

Report Abstract:

Accordingto the Cobb-Douglas production function, economic development relies mainly onthree factors: the workforce, technology and capital. Since no dramatic changeswill occur to the population and capital factors in the short term, both ofwhich will come to a fixed, steady value as time passes by, countries aroundthe world, especially the US, have come to realize that the economicdevelopment potential of a nation depends more on its domestic technologicalinnovation and progress. The significance of developing emergingstrategic industries lies in changing the production mode and lifestyle of thehuman society with major breakthroughs of science or technology, which isultimately favorable for the transformation of the economic growth mode and theupgrading of the industrial structure. For China,developing emerging strategic industries manifests not only the ScientificOutlook on Development but also a brand new economic development mode, and willhelp achieve sustained and sound economic development in China.



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