Economists are everywhere China fact of the day

by on November 15, 2012 at 7:07 am in Current Affairs, Economics, Education, Political Science | Permalink

North Korean-trained economist Zhang Dejiang is expected to head the largely rubber-stamp parliament, while Shanghai party boss Yu Zhengsheng is likely to head parliament’s advisory body, according to the order in which their names were announced.

Tianjin party chief Zhang Gaoli and Liu Yunshan, a conservative who has kept domestic media on a tight leash, make up the rest of the group.

And who said education doesn’t matter?

The story is here, via Emily Kaiser.

prior_approval November 15, 2012 at 7:48 am

Considering that North Korea is one of China’s wost worrisome problems, it is no surprise at all that someone with familarity of North Korea is now in a position of over-arching authority.

After all, it isn’t as if millions of North Koreans are going to try to flee south any time soon – but they are already straining China’s shared border regions, and have been for years.

Cambias November 15, 2012 at 8:12 am

Is it just me, or does “North Korea-trained economist” sound like some kind of hilarious oxymoron? Like “Mongolian-trained navy officer” or “Vatican-trained stripper”?

I guess a North Korean economics education might be useful: send a promising student to study there, then tell him “now do the exact opposite of what they taught you.”

Learn About Your World November 15, 2012 at 9:00 am

Mongolia is a flag for a large % of the world’s merchant fleet

Plus, land-locked countries are allowed to have navies.

Todd November 15, 2012 at 9:26 am

I’m actually surprised I had to go all the way back to May of this year to find the most recent actual Vatican sex scandal.

http://www.guardian.co.uk/world/2010/mar/04/vatican-gay-sex-scandal

Ranjit Suresh November 15, 2012 at 9:28 am

The guy studied in North Korea for a couple years over three decades ago, at the very start of economic reforms. It’s a red herring – Tyler’s just using an irrelevant fact about a middle aged Chinese apparatchik – who almost by definition have biographies steeped in the communist past – to continue his ritual bashing of that country.

affe November 15, 2012 at 9:52 am

“Comrade, in America they increase pay by mandating higher minimum wage. Here, we increase pay by decreasing labor supply through “caloric attrition.”"

Corey November 15, 2012 at 8:49 am

As Alex once said on Econtalk “Don’t confuse education with schooling”.

Rahul November 15, 2012 at 9:39 am

Wasn’t that Mark Twain?

David Zetland November 15, 2012 at 9:48 am

Sorry, no. Engineers everywhere. I’m hoping that their market share in leadership falls below, say, 70 percent. Twenty percent economists may be enough to tip them away from command and control and towards incentives and social welfare.

David Zetland November 15, 2012 at 9:49 am

Sorry, no. Engineers everywhere. I’m hoping that their market share in leadership falls below, say, 70 percent. Twenty percent economists may be enough to tip them away from command and control and towards incentives and social welfare.

(sorry if this appears twice)

nemi November 15, 2012 at 10:03 am

Yes. Chinas growth record is truly awful. What if it could have matched that of countries who accepted IMF interventions.

Andrew' November 15, 2012 at 1:56 pm

I would guess the signaling model of education drove the demand for engineers, and the reforms will drive the demand for economists.

Swan November 15, 2012 at 6:19 pm

Yeah, why else would a rapidly industrialising nation need engineers?

japan November 15, 2012 at 8:46 pm

japans imfamous miti didnt include any economists and was mostly run by lawyers until the 80s, once the economists came things started to sour funnily enough.

Totio Filipov November 16, 2012 at 8:15 am

Education has always mattered. However some people think they are educated just because they went to university.

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