Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation

Liu Chunyang; Gao Ke; Yang Chen

doi:doi:10.11648/j.ijefm.20210904.11

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Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation

Liu Chunyang, Gao Ke, Yang Chen

Published in International Journal of Economics, Finance and Management Sciences (Volume 9, Issue 4)

Received: 1 June 2021 Accepted: 13 July 2021 Published: 15 July 2021

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Abstract

Germany is both an industrial powerhouse and a human capital powerhouse. The first accumulation and rapid development of Germany's human capital not only effectively promoted its industry and economy, but also greatly enhanced its military strength and comprehensive national strength, playing a leading, creating and promoting role in the rise of the country. This paper analyzes the experience of human capital accumulation in Germany from the perspectives of education and science and technology, and discusses the changes of economic and demographic structure, the characteristics of human capital and the investment of human capital. Germany's human capital has three characteristics: cumulative advantage, leading knowledge and career orientation. Germany increases the investment in human capital through policies, funds and innovations. From the experience of Germany, human capital has a fundamental impact on the rise of a country. The general logic is that the rise of a country requires a strong overall national strength and good social order. When a country's human capital accumulates to a considerable extent and forms a great advantage, the vigor of human capital will be fully released under the implementation of appropriate national strategies or even seemingly accidental historical opportunities, which will lead to the release of the creative potential of the society and the economic potential of the country, thus opening the way for the rise of the country. By summarizing the model and experience of human capital accumulation in Germany, this paper provides reference for human capital investment policies of various countries.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 9, Issue 4)
DOI	10.11648/j.ijefm.20210904.11
Page(s)	128-133
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Germany, Human Capital Investment, Human Capital Accumulation

References

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[4]	Mincer, J. 1958. Investment in human capital and personal income distribution. Journal of Political Economy 66 (August): 281–302.
[5]	Mincer, J. 1974. Schooling, experience and earnings. New York: Columbia University Press.
[6]	Mincer, J. and S. Polachek. 1974. Family investment in human capital: Earnings of women. Journal of Political Economy 82 (2) Pt II: S76–S108.
[7]	Maurseth, Per Botolf, and B. Frank. "The German Information and Communication Technology (ICT) Industry: Spatial Growth and Innovation Patterns." Regional Studies 43.4 (2009): 605-624.
[8]	Moglie, M. L., L. Mencarini, and C. Rapallini. "Does income moderate the satisfaction of becoming a parent? In Germany it does and depends on education." Journal of Population Economics (2018).
[9]	Poelhekke, Steven, “Human Capital and Employment Growth in German Metropolitan Areas: New Evidence” REGIONAL STUDIES, 47: 2 (2013), 245-263.
[10]	Prantl S, Spitz-Oener A. The Impact of Immigration on Competing Natives' Wages: Evidence from German Reunification [J]. The Review of Economics and Statistics, 2020, 102.
[11]	Roy I, D Consoli. Employment Polarization in Germany: Role of Technology, Trade and Human Capital [J]. Jena Economic Research Papers, 2015.
[12]	Schultz, T. 1961. Investment in human capital. American Economic Review 51 (March): 1–17.
[13]	Stein, Volker. “Human Capital Management: The German Way.” Zeitschrift Für Personalforschung / German Journal of Research in Human Resource Management, vol. 21, no. 3, 2007, pp. 295–321.
[14]	Scholl, T., T. Brenner, and M. Wendel. "Evolving localization patterns of company foundationsEvidence from the German MST-industry." Journal of Evolutionary Economics 26.5 (2016): 1-21.
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[16]	Vehrke F J. Fostering place-based innovation and internationalization – the new turn in German technology policy [J]. European Planning Studies, 2018.

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Liu Chunyang, Gao Ke, Yang Chen. (2021). Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation. International Journal of Economics, Finance and Management Sciences, 9(4), 128-133. https://doi.org/10.11648/j.ijefm.20210904.11

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Liu Chunyang; Gao Ke; Yang Chen. Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation. Int. J. Econ. Finance Manag. Sci. 2021, 9(4), 128-133. doi: 10.11648/j.ijefm.20210904.11

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AMA Style

Liu Chunyang, Gao Ke, Yang Chen. Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation. Int J Econ Finance Manag Sci. 2021;9(4):128-133. doi: 10.11648/j.ijefm.20210904.11

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@article{10.11648/j.ijefm.20210904.11,
  author = {Liu Chunyang and Gao Ke and Yang Chen},
  title = {Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {9},
  number = {4},
  pages = {128-133},
  doi = {10.11648/j.ijefm.20210904.11},
  url = {https://doi.org/10.11648/j.ijefm.20210904.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20210904.11},
  abstract = {Germany is both an industrial powerhouse and a human capital powerhouse. The first accumulation and rapid development of Germany's human capital not only effectively promoted its industry and economy, but also greatly enhanced its military strength and comprehensive national strength, playing a leading, creating and promoting role in the rise of the country. This paper analyzes the experience of human capital accumulation in Germany from the perspectives of education and science and technology, and discusses the changes of economic and demographic structure, the characteristics of human capital and the investment of human capital. Germany's human capital has three characteristics: cumulative advantage, leading knowledge and career orientation. Germany increases the investment in human capital through policies, funds and innovations. From the experience of Germany, human capital has a fundamental impact on the rise of a country. The general logic is that the rise of a country requires a strong overall national strength and good social order. When a country's human capital accumulates to a considerable extent and forms a great advantage, the vigor of human capital will be fully released under the implementation of appropriate national strategies or even seemingly accidental historical opportunities, which will lead to the release of the creative potential of the society and the economic potential of the country, thus opening the way for the rise of the country. By summarizing the model and experience of human capital accumulation in Germany, this paper provides reference for human capital investment policies of various countries.},
 year = {2021}
}

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TY  - JOUR
T1  - Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation
AU  - Liu Chunyang
AU  - Gao Ke
AU  - Yang Chen
Y1  - 2021/07/15
PY  - 2021
N1  - https://doi.org/10.11648/j.ijefm.20210904.11
DO  - 10.11648/j.ijefm.20210904.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 128
EP  - 133
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20210904.11
AB  - Germany is both an industrial powerhouse and a human capital powerhouse. The first accumulation and rapid development of Germany's human capital not only effectively promoted its industry and economy, but also greatly enhanced its military strength and comprehensive national strength, playing a leading, creating and promoting role in the rise of the country. This paper analyzes the experience of human capital accumulation in Germany from the perspectives of education and science and technology, and discusses the changes of economic and demographic structure, the characteristics of human capital and the investment of human capital. Germany's human capital has three characteristics: cumulative advantage, leading knowledge and career orientation. Germany increases the investment in human capital through policies, funds and innovations. From the experience of Germany, human capital has a fundamental impact on the rise of a country. The general logic is that the rise of a country requires a strong overall national strength and good social order. When a country's human capital accumulates to a considerable extent and forms a great advantage, the vigor of human capital will be fully released under the implementation of appropriate national strategies or even seemingly accidental historical opportunities, which will lead to the release of the creative potential of the society and the economic potential of the country, thus opening the way for the rise of the country. By summarizing the model and experience of human capital accumulation in Germany, this paper provides reference for human capital investment policies of various countries.
VL  - 9
IS  - 4
ER  -

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Author Information

Liu Chunyang

School of Finance and Finance, Renmin University of China, Beijing, China
Gao Ke

School of Economics, Peking University, Beijing, China
Yang Chen

School of Shizhong District Party Committee of Jinan, Jinan, China

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APA Style

Liu Chunyang, Gao Ke, Yang Chen. (2021). Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation. International Journal of Economics, Finance and Management Sciences, 9(4), 128-133. https://doi.org/10.11648/j.ijefm.20210904.11

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ACS Style

Liu Chunyang; Gao Ke; Yang Chen. Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation. Int. J. Econ. Finance Manag. Sci. 2021, 9(4), 128-133. doi: 10.11648/j.ijefm.20210904.11

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AMA Style

Liu Chunyang, Gao Ke, Yang Chen. Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation. Int J Econ Finance Manag Sci. 2021;9(4):128-133. doi: 10.11648/j.ijefm.20210904.11

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@article{10.11648/j.ijefm.20210904.11,
  author = {Liu Chunyang and Gao Ke and Yang Chen},
  title = {Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {9},
  number = {4},
  pages = {128-133},
  doi = {10.11648/j.ijefm.20210904.11},
  url = {https://doi.org/10.11648/j.ijefm.20210904.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20210904.11},
  abstract = {Germany is both an industrial powerhouse and a human capital powerhouse. The first accumulation and rapid development of Germany's human capital not only effectively promoted its industry and economy, but also greatly enhanced its military strength and comprehensive national strength, playing a leading, creating and promoting role in the rise of the country. This paper analyzes the experience of human capital accumulation in Germany from the perspectives of education and science and technology, and discusses the changes of economic and demographic structure, the characteristics of human capital and the investment of human capital. Germany's human capital has three characteristics: cumulative advantage, leading knowledge and career orientation. Germany increases the investment in human capital through policies, funds and innovations. From the experience of Germany, human capital has a fundamental impact on the rise of a country. The general logic is that the rise of a country requires a strong overall national strength and good social order. When a country's human capital accumulates to a considerable extent and forms a great advantage, the vigor of human capital will be fully released under the implementation of appropriate national strategies or even seemingly accidental historical opportunities, which will lead to the release of the creative potential of the society and the economic potential of the country, thus opening the way for the rise of the country. By summarizing the model and experience of human capital accumulation in Germany, this paper provides reference for human capital investment policies of various countries.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Education and Technology for Industrial Power: The German Experience of Human Capital Accumulation
AU  - Liu Chunyang
AU  - Gao Ke
AU  - Yang Chen
Y1  - 2021/07/15
PY  - 2021
N1  - https://doi.org/10.11648/j.ijefm.20210904.11
DO  - 10.11648/j.ijefm.20210904.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 128
EP  - 133
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20210904.11
AB  - Germany is both an industrial powerhouse and a human capital powerhouse. The first accumulation and rapid development of Germany's human capital not only effectively promoted its industry and economy, but also greatly enhanced its military strength and comprehensive national strength, playing a leading, creating and promoting role in the rise of the country. This paper analyzes the experience of human capital accumulation in Germany from the perspectives of education and science and technology, and discusses the changes of economic and demographic structure, the characteristics of human capital and the investment of human capital. Germany's human capital has three characteristics: cumulative advantage, leading knowledge and career orientation. Germany increases the investment in human capital through policies, funds and innovations. From the experience of Germany, human capital has a fundamental impact on the rise of a country. The general logic is that the rise of a country requires a strong overall national strength and good social order. When a country's human capital accumulates to a considerable extent and forms a great advantage, the vigor of human capital will be fully released under the implementation of appropriate national strategies or even seemingly accidental historical opportunities, which will lead to the release of the creative potential of the society and the economic potential of the country, thus opening the way for the rise of the country. By summarizing the model and experience of human capital accumulation in Germany, this paper provides reference for human capital investment policies of various countries.
VL  - 9
IS  - 4
ER  -

Copy | Download