Week #1 Free Post

   Introduction about Demographic Dividend and Aging of Population 
   
In the past 30 years，which country developed in the fastest speed? We must say it's China.But why China could make the economy increase in such a magical speed?Besides the Reforming and Opening Policies,I think we should also attribute the success to the demographic dividend. Demographic dividend means at a period the number of workers in a country come to its peak;this period always lasts for 30-50 years in each country. Economists would never forget how fast the Japan develop after the WWII:by the end of 1970s,Japan has become the second-largest economy.Of course,the government of the USA was running the Marshall Plan to support the development of Japan.But there is another important reason of it we could not ignore,that's also demographic dividend

As the picture showed above,the demographic dividend period of Japan started from around 1945,and ended around 1970s. That corresponded with the high-speed developing period of Japan.And,let's see the development of China. From 1978 to 2014，China kept flying,which was so similar to Japan.However,Japan finally started its aging of population at the mid of 1980s. And its developing speed slowed down from then on, and in 1990s, the economy even decreases.I believe that was definitely related to the aging of population. As for China, just like the second graph showed,the percent of 60+ages persons will hit 15% in 2010s, which means the aging of populatiton will come to China these years.The government of China must do something,or the speed of development will slow down.

Citation: 

http://en.wikipedia.org/wiki/Japanese_post-war_economic_miracle

Wikipedia and Google.com

Dower, John ,Japanese economic takeoff after 1945 ,web, 22nd Jan 2014

Compare the delivery and style of two blogs about economy

I have read two blogs about my major econ.
Here are their URLs.
http://www.theguardian.com/business/economics-blog/2014/jan/22/unemployment-mark-carney-forward-guidance
and
http://rwer.wordpress.com/2014/01/22/a-little-thought-about-bitcoin/

The first article is about unemployment and what the government should do to make it decrease. The style of this article is just kind of proposal;the author listed a large amount of data from banks and society about the change of interest rate and the unemployment rate to make his audience know how serious the situation was. Then, he tried to emphasize how the government could help.So,I think the targeted audiences of this article are the unemployed persons and the government staff.His purpose I think was to propose the government to make difference to solve problems.

As for the second article A Little Thought About Bitcoin,it looks like an expository writing.The main idea of this writing was just introduce Bitcoin to those who have never contact to it.So I think the targeted audiences of this one are the people who are interested in economy but do not know much about it.

10 questions about economy major

1.Why choose economy as major instead of science majors like physics and chemistry?
Since I choose to return to my motherland China after graduation,I should choose a major that suits the occupations demands of China.And according to my research in the jobs of China,my choice is the best.

2.What is your goal after graduation?
I will to get experience of working in my father's company.Then I want to find a job in a bank or state-owned enterprise. After that, I will make a choice between running a company by myself or working for others, which depends on the situations then.

3.What is the uncertainty of this major?
That must be how to get a job in a state-owned firm or bank among so many employees.

4.What is the average level of the salary of your dream jobs?
The average salary of a junior banker is around $2000 in China,and the one of other companies is $1800.

5.Who influence you to make a decision to focus in economy?
Warren Buffett and Wang Jianlin influence me most.They are both outstanding businessmen are economists. I admired them most and strongly looking forward to living their lives.

6.What are the differences between the western economy pattern and the Chinese one?
Nowadays, the western countries adopt a pattern that call Private Economy which means private capitalists own and run the companies by themselves. While China use another pattern called market economy.

7.What should you do to access to your dream from now on?
First of all, I should finish my study work in MSU,which includes several subjects besides economy, like accounting and statistic.Secondly, I should learn more information about the economy environment in China and the world,and this could help me switch my mind of economy.Last but not least,I should improve my personal knowledge accumulation and experience by attending some internship job.

8.What are your parents opinions when they know your major? Do they support you?
My father support me to choose economy while my mother does not,because she does not believe I can find a job among so many employees in such a competitive environment.I will prove I can to her.

9.Do you think whether your personality will influence the job?
Yes, I do think so.Since I am not a talkative man, I can pay all my attention and will not be easily distracted when I am doing something.This help a lot in econ-related jobs.

10.What is your advantage among so many employees in such a field?
My advantages are my degree on MSU and my working experience in my father's company,which may help a lot in my job interview.