In my speech “Technology Education and Capitalist Industrialization: A Study of the Rise of Technological Power in Western Europe and America (delivered at Peking University’s 1978 May Fourth Science Forum, and carried in Social Science Front, issue No. 4, 1978),” I dwelled on the relationship between education and economic growth in light of economic history. What I was driving at was that education is a major recourse for nations to groom technological personnel, and that only by putting a premium on education and the cultivation of talents can less developed nations boost their economic growth rates and catch up with and surpass the developed countries. As I put it in that speech, the role of education in economic growth has five aspects.