A report on the effectiveness of targeted poverty alleviation policies, issued by the School of Economics at the Renmin University of China, stated that targeted efforts to reduce social inequality will also help boost the economy, news portal Jiemian.com reported.
The report stated that increased incomes will help increase spending power and consumption by providing employment and increasing the level of social security in poverty-stricken areas.
Targeted investment in poverty alleviation increases human capital - higher levels of education and better health outcomes, which will in turn lead to better jobs, more employment and higher productivity, and therefore economic growth in the area. There will be beneficial spillover effects, including that young people do not need to go far to find a job.
Zheng Xinye, president of the School of Economics at Renmin University, said that by strengthening education and training, a large number of surplus labor in rural areas will be activated, meaning that people will be able to get involved in economic development. Ensuring access to education will enable people's lives to be improved by improving their labor skills. This will mean a more efficient and cooperative workforce that will develop the economy, Zheng said.
Old Version
