Jean Piaget(1896–1980)
Swiss developmental psychologist and philosopher
the Director of the International Bureauof Education
the International Center for Genetic Epistemology
genetic epistemology
(cognitive development)
2-1 . Features of cognitive development
Assimilation
:the process of accepting a new scheme
based on the original scheme
Equilibration
:the proce
occupations (139,064) in NY. Others service occupations in US are 24,634 [Exhibition12] (Bureauof labor statistics, 2011).
In U.S. here are several organizations related in consumer. Especially, the most well known organization is U.S. Food and Drug Administration (FDA). They protect the public health by assuring that foods are safe, wholesome, sanitary and properly labeled. It advocates
The Definition of Chinaflation
What is Inflation?
CPI (Consumer Price Index), Source:
National Bureauof Statistics of China
Other factors on demand side
overheating
subprime mortgage
Expected inflation
of farmers’ income and distribution efficiency, which will encourage rural consumption and unleash the huge potential of the vast rural market.
2-3. The rise of the middle-class
A rapidly growing middle class has emerged. According to the National Bureauof Statistic of PRC (NBS), middle class refers to those with annual household income of 60,000 yuan (USD 7,230) to 500,000 yuan (USD 60,2
The U.S. sub-prime financial crisis of 2008 was caused by sharp house price increases in 2006 called “housing bubbles.” This not only caused overvaluation of house prices but also excessive borrowing. Fannie Mae and Freddie Mac, two government agencies who created the secondary market for mortgage-backed securities, bought and held conforming mortgages and turned a similar amount of home loan