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7/16/2012

Topic Reading-Vol.96-7/16/2012

Dear MEL School’s Topic Readers,
End of empire for Western universities?
There are 129 million college graduates between ages 25-34 in the OECD countries in 2010, which is expected to increase to 204 mil for the next ten years. Among those highly educated workers or professionals, Chinese accounts for approximately 18 per cent in 2010 and 29 per cent in 2020, and if India is combined, the second largest country by population now, the number is expected to grow from 30% to 40%.
This drastic shift in knowledge-based workers could lead a transition from mass production to knowledge economy occupations in those countries and economies, improve employment rates and earnings, if the economy and environment are able to produce enough job opportunities suitable for them. But 20% of the Chinese college graduates don’t seem to be able to find suitable jobs when they graduate even now. Will the world be able to create such many high-tech or highly-skilled jobs for the next several years?
Enjoy reading and learning from this article.
http://www.bbc.co.uk/news/business-18646423

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