New York Times,December 1, 2008 page A25 - Paul Krugman,the 2008 Nobel Laureate in economic science wrote:"Fiscal expansion will be better for America's future if it is in the form of public investment such as roads,bridges,new technologies. All of which make the nation richer in the long run. I cannot disagree with such recommendations more. However,I would add public investment in education and training in the following works:
1. The Future of Community Colleges,published by the Congressional Record,July 18, 1974.
2. Keys for Economic Understanding. 1971. Cf. www.loc.gov online catalog
3. Keys to Economic Understanding. 1976. Ditto
4. Work and Study Cycle Theory. 1978. Ditto
All the above works are relevant to public investment in education and training in USA. Such goal has been pursued in China as well.
Both New York Times and Washington Post,Dec.1,2008 issues cited Chinese President Hu's statement apropos of accelerating structural readjustment for sustainable development involving the human resource as a field of economic growth in the 21st century. Aggregate supply should catch up with the aggregate demand of marketable skills in USA and in China. The macro-view may be reflected from the micro sector of education in the long haul.
Page A15: Defense Department Sustains Focus on War of Ideas in Anti-Terrorism Efforts: According to the proposal, "The government estimates a minimum of two and no more than twelve websites will be needed in languages that may include Arabic,Hindi,Urdu,Russian and Chinese et al. The purpose is to present news, sports,entertainment,economics,politics,cultural reports to targeted readers. Content will provide open and unbiased analyses of major events in the targeted regions and the ramifications of those events on the target audiences. Reporter Walter Pincus maybe reached: fineprint@washpost.com
Francis Shieh,a reader sharing information to other readers with the same interest of Sino-American Economics.
December 1, 2008,Monday at 2.10 p.m.
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