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News & Events |
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About Nobel Prize |
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The Nobel
Prize is an international award given yearly since 1901
for achievements in physics, chemistry, medicine, literature
and for peace. In 1968, the Bank of Sweden instituted
the Prize in Economic Sciences in Memory of Alfred Nobel,
founder of the Nobel Prize.
The Prize Winners are announced
in October every year. They receive their awards (a prize
amount, a gold medal and a diploma) on December 10, the
anniversary of Nobel's death. |
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Alfred Nobel
was born in 1833 in Stockholm, Sweden. His family was
descended from Olof Rudbeck, the best-known technical
genius of Sweden's 17th century era as a great power in
northern Europe.
Nobel invented dynamite in 1866
and later built up companies and laboratories in more
than 20 countries all over the world.
On November 27, 1895, Nobel signed
his last will providing for the establishment of the Nobel
Prize. He died of cerebral haemorrhage in his home in
San Remo, Italy on December 10, 1896. |
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Alfred died
in San Remo, Italy on December 10, 1896. In his last will
and testament, he wrote that much of his fortune was to
be used to give prizes to those who have done their best
for humanity in the field of physics, chemistry, physiology
or medicine, literature and peace.
In 1901, the first Nobel Prizes
in Physics, Chemistry, Physiology or Medicine and Literature
were first awarded in Stockholm, Sweden and the Peace
Prize in Kristiania (now Oslo), Norway. |
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| The first
Prize Award Ceremony in 1901 at the Old Royal Academy
of Music in Stockholm. |
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| ebeijing >> Feature >> Nobel Prize Forum >> News & Events |
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| Nobel Laureate Calls for More Education Investment |
| The Nobel Laureate holder in economics, Gary Becker, says China should invest more in education to gain a greater return from its human capital. |
 
(From left to right in the first photo, HSBC Chief Executive China Business Richard Yorke,
Professor Gary S. Becker, Director of China Center for Economic Research, Lin Yifu)
He spoke at a forum hosted by China Center for Economic Research or CCER in Peking University on Thursday.
Becker said China's return rate from educational investment in its urban areas has jumped from 3.3 percent in 1988 to 11.1 percent in 2000.
Besides school-based education, on-job training, and health investment are the important means to improve the quality of human capital, which will become the main force for future economic growth.
Figures from Ministry of Education show that China's investment in education accounts for 3.41 percent of its gross domestic product in 2004, while the same figure in the United States has reached at least 17 percent in 2001.
The Chicago University professor won the 1992 Nobel Prize in economics for having extended the domain of economic theory to aspect of human behavior, which has previously been dealt with by other social science disciplines.
The forum is co-sponsored by the Hong Kong and Shanghai Banking Corporation and the CCER. | |
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