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Books > Business & Economics > Economics > Labour economics
Artificial intelligence will not necessarily create a super-intelligent "human robot"; however, it is very probable that intelligent robots and intelligent informats will bring about a form of super-globalization, in which money and goods are prioritized over people and democracy and where the widespread use of casual labour - that is, short-term contracts - will become the most common form of employment relationship. It is also very likely that artificial intelligence will bring about what is known as singularity. This term is used to describe a situation where intelligent robots, from a rational and logical perspective, are smarter than humans, i.e. the development of AI. This book explores the impact that these intelligent robots and intelligent informats will have on social and societal development. The author tackles the question of singularity from three distinct standpoints: technological singularity - the intelligence of machines compared to that of humans - which he argues will bring about a qualitatively new labour market; economic singularity - the consequences for work relationships, value creation and employment - which he asserts will promote full automation, result in precarious contracts with low salaries, and, in some countries, possibly lead to the introduction of a universal basic income; and social singularity - the consequences of technological and economic singularity for democratic processes, bureaucratic procedures for exercising authority and control, and the direction in which society will develop, in addition to the emergence of new social institutions - which Johannessen says will promote a transition from representative democracy to genuine democracy. The book will appeal to academics, researchers and students of economic sociology and political economy, as well as those focusing upon the emerging innovation economy. It will also find an audience among professionals and policymakers keen to understand the impact the Fourth Industrial Revolution will have on organizations, individuals and society at large.
The economic crisis has brought about a watershed in institutional, political, and social relations, reshaping the labour market and the class structure in southern Europe. This book provides a critical comparative assessment of the dynamics of change in the employment field, focusing on Spain, Greece, and Cyprus. The book assesses how the liberalization and deregulation processes and the promotion of market-enhancing reforms progressed in three different national settings, identifying the forces, agents, contexts, and mechanisms shaping the employment and industrial relations systems. The comparative perspective used deciphers the interplay of external and internal dynamics in the restructuring of the labour field in Southern Europe, examining austerity and its contestation in connection with prevailing societal ideologies and class shifts. The first part of the book sets the theoretical and historical context, the second is comprised of three empirical national case studies, and the third discusses comparatively the handling of the crisis, its impact, and its legacy from the standpoint of a decade later. The book presents differences in industrial relations systems, trade union forms, and class composition dynamics, accounting for the development of the crisis and the reshaping of the employment field after one decade of crisis. It will be of value to researchers, academics, professionals, and students working on issues of employment and industrial relations, labour market and labour law, political economy and class structure, as well as those interested in the contemporary society and economy of southern Europe in general, and Spain, Greece, and Cyprus in particular.
This book explores structural changes in Greenland's economy and labour markets due to the transformative effects of climatic changes and growing international attention. It offers multidisciplinary perspectives from economists, sociologists, and political scientists to demonstrate how the Greenlandic economy works. Due to an increasing focus on the Arctic area and Greenland in particular, the book seeks to understand the functioning and dynamics of Greenland's labour economy, as well as the challenges that arise from the melting ice and internationalisation. It fills a substantive gap in the existing literature by compiling research on these critical subjects and exploring current and future opportunities for labourers. Today, Greenland is reliant on large financial subsidies from Denmark to provide for a large share of its national budget. This fuels Greenland's political ambition to gain greater independence from Denmark, which requires more private sector growth to develop a sustainable economy. This book thus contains an exhaustive introduction to important business development themes such as macroeconomics, markets, labour supply, labour market policies, and institutions and considers Greenland's colonial past, great Inuit heritage, and unique geography and nature to re-shape its economy and labour markets. Informed by a lucid writing style, each chapter casts light on different economic and social issues of Greenland. This is the first international book on Greenland's economy which discusses its geopolitical importance and prospects for the Arctic region. It will be a valuable point of reference for students and academics of economics, Arctic research and political economy.
This book analyses the political transition in West Bengal, India, which witnessed longest democratically elected Left regime of the world. It examines and compares micro-dynamics of political practices in India and delineates underlying political themes of state politics. The author explores the politics of land reform and the anti-land-acquisition movements which were critical points in the contemporary history of Bengal in independent India. The volume further delves into the caste and communal politics which had been latent until the Left Front's loss in the state, as well as the what sets apart politics in West Bengal from other Indian states. Based on thorough ethnographic research, this volume will be of great interest to scholars and researchers of South Asian studies, politics and political processes, sociology and social anthropology.
The construction industry is a microcosm of the economy as a whole, and as such the economics of the sector contains many of the aspects of the economy in general, albeit with fascinating and unique features. What are the implications of economic theory for the future of UK construction? How does the industry ensure innovation, quality and efficiency? What priorities might best serve the construction industry, those working in it and their customers? In seeking answers to these and other questions, the UK government has commissioned a number of reports on the construction industry including the Latham and Egan reports and more recently Construction 2025. These have invariably proposed time and cost targets for the construction industry. In this new book, Stephen Gruneberg stands in stark contrast to those reports and presents the relevant theoretical aspects of construction economics to account for the behaviour of construction firms and suggest a strategy for future growth and sustainability. He discusses the theory and data relating to the output of firms in relation to the type of firm, the market and how these firms behave as a result. The purpose of this book is to advocate the measures needed to create the kind of industry that must be fostered to ensure the quality of its output, sustainability and the fair terms and conditions of employment for its workforce. Gruneberg's new book is essential reading for anyone wishing to understand the economic forces that determine industry outcomes and who has a stake in the success of the UK construction sector.
Whilst only in the second decade of the 21st century, we have seen significant and fundamental change in the way we work, where we work, how we work and the conditions of work. The continued advancements of (smart) technology and artificial intelligence, globalisation and deregulation can provide a 'sleek' view of the world of work. This paradigm can deliver the opportunity to both control work and provide new challenges in this emerging virtual and global workplace with 24/7 connectivity, as the boundaries of the traditional organisation 'melt' away. Throughout the developed world the notions of work and employment are becoming increasingly separated and for some this will provide new opportunities in entrepreneurial and self-managed work. However, the alternate or 'bleak' perspectives is a world of work where globalisation and technology work together to eliminate or minimise employment, underpinning standardised employment with less and less stable or secure work, typified by the rise of the 'gig' economy and creating more extreme work, in terms of working hours, conditions and rewards. These aspects of work are likely to have a significant negative impact on the workforce in these environments. These transformations are creating renewed interest in how work and the workforce is organised and managed and its relationship to employment in a period when all predictions are that the pace of change will only accelerate.
Originally published in 1985, New Nationalisms in the Developed West is a collection of interdisciplinary and insightful essays on modern nationalist movements. The book argues that these movements have challenged the power of Western nation-states not from without, but from within their frontiers. The book's focus remains predominately on Western societies and the nationalist movements of nations against states. The essays in this book are detailed and innovative and analyse nationalism through theory, methodology and empirical evidence. The book's use of research methods deepens the comparative explanation of nationalist movements, and advances understanding of Western nationalisms as social movements and examples of social change in the developed world. This book will appeal to social scientists, in political science and sociology.
These two volumes bring together theoretical and empirical papers on the economics of training. The first volume comprises of papers that discuss the economic theory underlying firms' and individuals' decisions to provide or acquire training. In particular, they offer differing perspectives on human capital theory. This volume also includes papers examining the design of both experimental and nonexperimental strategies for estimating the effects of training. The second volume consists of studies that estimate the impact of both public and private provided training on earnings. Most of the volume is devoted to studies that illustrate nonexperimental evaluations of training. However, because experiments have become an important part of this literature, the volume includes papers that provide a detailed evaluation of one well-known social experiment, and that use experiments to evaluate the non-experimental evaluations of training.
This volume analyses employee participation in under- researched countries and whose economic institutions differ from the Anglo-American context. Part one of the volume is dedicated to China. In a context in which economic decisions made by companies are closely influenced by the political institutions and practices, the extent to which Chief Executive Officers (CEOs) have the ability to make autonomous decisions is not to be taken for granted. The volume explores whether the executive labor market and firms' executive compensation practices differ from the Western context. Evidence on the role of trade unions in Chinese companies is also analyzed. Part two of the volume includes empirical evidence from Europe, Japan, and Korea, and focuses on high-involvement work practices. The main questions that the volume addresses are the incidence and determinants of these practices and their effects on firm performance. Evidence on the incidence contributes to understanding the importance of these practices in an international context, and the analyses on the determinants and effects help understand how the main trade-offs play out in different institutional contexts.
This is an academic inquiry into how labor power has been dehumanized and commodified around the world through the ages for capital accumulation and industrialization, and colonial and post-colonial economic transformation. The study explores all major episodes of slaveries beginning from the ancient civilizations to the end of Transatlantic Slave Trade in the eighteenth century; the worlds of serfdoms in the context of Western Europe, Eastern Europe, and Russia; the worlds of feudalisms in the context of Latin America, Japan, China, and India; the worlds of indentured servitudes in the context of the Europeans, the Indians, and the Chinese; the worlds of guestworkers in the contexts of the United States and Western Europe; the worlds of migrant labor programs in the context of the Gulf States; and the contemporary world of neoslavery focusing on human trafficking in both developing and developed countries, and forced labor in global value chains. The book is designed not only for students and academia in labor economics, labor history, and global socio-economic and political transformations, but also for the intelligent and inquiring policy makers, reformers, and general readers across the disciplinary pursuits of Economics, Political Science, History, Sociology, Anthropology, and Law.
This book argues that society must rethink the notion of formal employment and instead introduce and spread the notion of "meaningful work" so that societies can become independent of economic growth. The excessive consumption of natural resources and the immense emissions resulting from our growth-oriented economic system surpass the planetary boundaries. Despite this, society and the economy still strive for economic growth in order to generate jobs, to finance the social security system and to assure tax income. However, these expectations are increasingly unrealistic, not least because technological developments such as digitalisation and robotisation will change and limit formal employment opportunities as well. Against this backdrop, the book introduces the notion of meaningful activities that embrace various kinds of work, paid and unpaid, sequential or in parallel, which are meaningful for the worker as well as society as a whole. At the same time, the authors argue in favour of reduced working time in formal employment. Furthermore, the book also describes the necessary transformations in companies and for consumers, for social and tax systems, for social services and agriculture. Innovative and timely, this book will be a key resource for professionals and scholars interested in sustainability, economics, work, transformation and post-growth studies.
This book argues that society must rethink the notion of formal employment and instead introduce and spread the notion of "meaningful work" so that societies can become independent of economic growth. The excessive consumption of natural resources and the immense emissions resulting from our growth-oriented economic system surpass the planetary boundaries. Despite this, society and the economy still strive for economic growth in order to generate jobs, to finance the social security system and to assure tax income. However, these expectations are increasingly unrealistic, not least because technological developments such as digitalisation and robotisation will change and limit formal employment opportunities as well. Against this backdrop, the book introduces the notion of meaningful activities that embrace various kinds of work, paid and unpaid, sequential or in parallel, which are meaningful for the worker as well as society as a whole. At the same time, the authors argue in favour of reduced working time in formal employment. Furthermore, the book also describes the necessary transformations in companies and for consumers, for social and tax systems, for social services and agriculture. Innovative and timely, this book will be a key resource for professionals and scholars interested in sustainability, economics, work, transformation and post-growth studies.
`While many economists, policy-makers and commentators often point at negative effects of globalization on wage inequality and income distribution, few specific proposals have emerged so far. Daniel Vaughan-Whitehead's book should be commended for proposing a concrete approach for addressing the wage-related dimension of the social issues raised by globalization---Pascal Lamy, Director General of the World Trade Organization (WTO), Geneva`Remedies should be found for the worrying global wage trends so well documented in this book, not only by governments but by employers themselves, out of enlightened self-interest rather than generous benefaction, in the pursuit of long-term profitability. Daniel shows that there is still much room for tapping the resources of corporate social responsibility: this potential must be exploited to the full before anything else, and therefore it must be investigated and publicized the way he does.'---D. Mario Nuti, Professor, University of Rome `La Sapienza' and formerly of the London Business School `This is an exceptionally important and timely piece of work for the simple reason that it brings to our attention a global crisis - that of unfair wages. In this volume, Daniel provides an excellent analytical framework and tool that can be applied at firm level. I fully expect that the different dimensions of the fair wage proposed in this book will become standard features of company annual wage reviews and of social audits.'- Auret Van Heerden, President and CEO, Fair Labor Association Over the past decade the emergence of corporate social responsibility (CSR) has helped to improve corporate governance by tackling such burning issues as child labour and human rights violations. However, as the author argues in this important new book, the time has now come to incorporate wage issues into CSR. Daniel Vaughan-Whitehead proposes a new methodology, the `Fair Wage' approach, providing CSR actors with a coherent and comprehensive set of fair wage dimensions and indicators. Application of this new approach in a large-scale auditing exercise on wages in Asia and a number of qualitative case studies in China provides unique, first-hand information on wage practices among suppliers. The results confirm the need to address wage issues using a broad spectrum of wage dimensions, including living wages, minimum wages, social dialogue, payment of working hours and wage development in accordance with prices, enterprise performance and changes in technology and human capital. The `Fair Wage' approach advocated in this book is a first, serious and concerted effort to address the issue of wages, which are increasingly being used as the adjustment variable at the end of the supply chain.
This book goes beyond traditional minimum wage research to investigate the interplay between different country and sectoral institutional settings and actors' strategies in the field of minimum wage policies. It asks which strategies and motives, namely free collective bargaining, fair pay and/or minimum income protection, are emphasised by social actors with respect to the regulation and adaptation of (statutory) minimum wages. Taking an actor-centered institutionalist approach, and employing cross-country comparative studies, sector studies and single country accounts of change, the book relates institutional and labour market settings, actors' strategies and power resources with policy and practice outcomes. Looking at the key pay equity indicators of low wage development and women's over-representation among the low paid, it illuminates our understandings about the importance of historical junctures, specific constellations of social actors, and sector- and country-specific actor strategies. Finally, it underlines the important role of social dialogue in shaping an effective minimum wage policy. This book will be of key interest to scholars, students and policy-makers and practitioners in industrial relations, international human resource management, labour studies, labour market policy, inequality studies, trade union studies, European politics and political economy.
The remote work revolution presents a unique opportunity for higher education institutions to reinvent themselves and become talent magnets. In Knowledge Towns, David J. Staley and Dominic D. J. Endicott argue that the location of a college or university is a necessary piece of any region's effort to attract remote knowledge workers and accelerate economic development and creative placemaking. Just as every town expects a church, bank branch, post office, and coffeehouse, Staley and Endicott write, we will see a decentralized network of institutions of higher education flourish, acting as cornerstones for the post-pandemic rebuilding of our society and economy. In calling for a "college in any town," they are not simply proposing placing a traditional college within a town or city, but envisioning instead a particular kind of higher education institution called a "knowledge enterprise." In addition to providing the services of a traditional college, a knowledge enterprise acts as a talent magnet, attracting workers looking to move to cheaper and more attractive destinations. With the post-COVID-19 shift to more remote work, and millions of people moving to more affordable and livable cities, a place that wants to attract talent will require a thriving academic environment. This represents a new opportunity for "town and gown" to create collaborative communities. The pandemic has accelerated existing trends that put at risk the viability of many colleges and universities, as well as that of many towns and cities. The talent magnet strategy outlined in this book offers colleges and towns a plan of action for regeneration.
As global production has become dispersed worldwide, so have concerns for the plight of workers employed in the world factory. Standard economic intuitions prescribe sharp tradeoffs between the worker-level benefits that a job confers, and the number of such jobs that are ultimately made available. Such quality-quantity tradeoffs have taken center stage in the global debate on potential benefits and costs of legalizing and enforcing international labor standards. This volume organizes and presents a number of new developments in the economics of international labors standards. The first part of this volume explores a series of labor market institutions particularly in developing country labor markets so far unexplored in international labor standards debate. These include the presence of middlemen market power, the persistence of interlinked debt and labor market exploitations, and the origins of two-tiered labor markets. These studies unveil the determinants of workers' well-being and the associated justification for labor market policy interventions when institutions are lopsided favoring contractors, moneylender-cum-employers, and/or select workers blessed with 'good' jobs. The second part explores the effectiveness of policy intervention by explicitly recognizing policy implementation challenges. These include coordination failure in the international context, imperfect enforcement and compliance of national labor regulations, and the limits of market-driven fair trade programs. In doing so, these studies shed light on the pitfalls of wholesale international labor standards prescriptions, and advocate instead in favor of case-by-case approach which duly recognize the specific ways in which the labor market deviate from standard assumptions, and the realities of policy implementation and enforcement difficulties.
Much is talked and written about well-being in the workplace, but many wonder whether 'putting people first' is just a facade and that were it not for employment legislation, union representation and the high profile of human rights issues, employers would regard employees as a necessary burdensome financial evil, as in days gone by. Some scholarly research has focused on the reactions of employees to the quality of working life and well-being at work and much of this suggests high levels of dissatisfaction, disaffection and disengagement. In Workers' Voice, HRM Practice, and Leadership in the Public Sector: Multidimensional Well-Being at Work, Nicole Cvenkel avers that whilst it is known that public sector employees are even less satisfied than those in the private sector, there has been very little research into the effects of working life experiences on employee well-being in public sector organisations. There is even some doubt about whether a well-being philosophy that can be applied in the private sector can readily be extended to the public sector. The push towards New Public Management (NPM) means organisations continue to undergo significant reform processes around efficiency, costs and public service delivery. All these changes place additional demands on public sector employees who are at times also subject to intensive scrutiny by stakeholder groups, who may regard the recourse to well-being initiatives as a poor use of public funds. The author has researched in the UK local government sector and that is the setting for the debate in this book, about whether and how an employee well-being ideology can be successfully promoted and maintained in an NPM environment, given continuous reform and expenditure reduction. In a local government case organisation, the author has researched, limited resources, reduction in budgets, redundancies, increased workloads, lack of trust, and the existence of a 'controlled' working environment were all found to be central to a climate of bullying and unfairness. Although the organisation was committed to the adoption of HRM 'best practice' and initiatives geared towards promoting employees well-being, employees still believed they were being bullied and treated unfairly. It was found that different perspectives on the psychological contract, fairness, and bullying at work were highlighted by managerial and non-managerial employees. The author's conclusions contribute to a clearer understanding than hitherto of workers' voice in relation to work, leader-member exchanges, and well-being in the public sector and she offers a model depicting employees' understanding of what their quality of working life, line manager's leadership and well-being should be, that might be used by organisational leaders, researchers, policy makers, Human Resources managers and other practitioners and consultants, to move towards a more holistic, multidimensional, well-being at work paradigm.
The aim of this book is to justify the importance of economic knowledge for every human being in a country with an economic system based on the market mechanism, and to explain and debunk the myths and stereotypes related to economic education and its effectiveness, particularly among young people. The book offers a comparative analysis of the economic education of young people in Poland and throughout the world. It examines the historical emergence of economies and economic thinking and decision-making as well as the different philosophies and educational systems in the EU and the USA. It thoroughly investigates the economic knowledge of Polish youth via an annual study, which the authors have conducted since 2012. The book outlines both the formal and informal methods of economic education, from education programs in general secondary schools and economic technical schools, as well as in vocational schools, and also examines school Business Incubators. It concludes with a summary, reviewing the implementation of research goals and issues and outlining directions for future research. The authors break down complex topics and provide readers with a base knowledge of economics at the micro and macro levels. The book will serve as a useful and practical guide for students and researchers, as well as policymakers concerned with rethinking the education system. Additionally, it will be a helpful resource for those wanting to acquire the knowledge needed to conduct a business, as the authors maintain that entrepreneurship can be learned.
As the first and largest guestworker program, the U.S.-Mexico Bracero Program (1942-1964) codified the unequal relations of labor migration between the two nations. This book interrogates the articulations of race and class in the making of the Bracero Program by introducing new syntheses of sociological theories and methods to center the experiences and recollections of former Braceros and their families.
Drawing on Australian and comparative case studies, this volume reconceptualises non-metropolitan creative economies through the 'qualities of place'. This book examines the agricultural and gastronomic cultures surrounding 'native' foods, coastal sculpture festivals, universities and regional communities, wine in regional Australia and Canada, the creative systems of the Hunter Valley, musicians in 'outback' settings, Fab Labs as alternatives to clusters, cinema and the cultivation of 'authentic' landscapes, and tensions between the 'representational' and 'non-representational' in the cultural economies of the Blue Mountains. What emerges is a picture of rural and regional places as more than the 'other' of metropolitan creative cities. Place itself is shown to embody affordances, unique institutional structures and the invisible threads that 'hold communities together'. If, in the wake of the publication of Florida's Rise of the Creative Class, creative industries models tended to emphasize 'big cities' and the spatial-cum-cultural imaginaries of the 'Global North', recent research and policy discourses - especially, in the Australian context - have paid greater attention to 'small cities', rural and remote creativity. This collection will be of interest to scholars, students and practitioners in creative industries, urban and regional studies, sociology, geography and cultural planning.
Through a series of studies, the overarching aim of this book is to investigate if and how the digitalization/digital transformation process causes (or may cause) the autonomy of various labor functions, and its impact in creating (or stymieing) various job opportunities on the labor market. This book also seeks to illuminate what actors/groups are mostly benefited by the digitalization/digital transformation and which actors/groups that are put at risk by it. This book takes its point of departure from a 2016 OECD report that contends that the impact digitalization has on the future of labor is ambiguous, as on the one hand it is suggested that technological change is labor-saving, but on the other hand, it is suggested that digital technologies have not created new jobs on a scale that it replaces old jobs. Another 2018 OECD report indicated that digitalization and automation as such does not pose a real risk of destroying any significant number of jobs for the foreseeable future, although tasks would by and large change significantly. This would affects welfare, as most of its revenue stems from taxation, and particularly so from the taxation on labor (directly or indirectly). For this reason, this book will set out to explore how the future technological and societal advancements impact labor conditions. The book seeks to provide an innovative, enriching and controversial take on how various aspects of the labor market can be (and are) affected the ongoing digitalization trend in a way that is not covered by extant literature. As such, this book intends to cater to a wider readership, from a general audience and students, to specialized professionals and academics wanting to gain a deeper understanding of the possible future developments of the labor market in light of an accelerating digitalization/digital transformation of society at large.
Despite much debate in recent years about the economic and professional impact of foreign engineers and computer professionals in the United States, comparatively little has been said about the growing number of foreign biomedical scientists employed by American firms and health institutions. The implications are widespread and merit serious analysis. In Biomedical Globalization, Sergio Diaz-Briquets and Charles C. Cheney shed light on this development through examination of the experience of foreign biomedical scientists at the National Institutes of Health (NIH) in Bethesda, Maryland. Diaz-Briquets and Cheney's analysis is based on results of ethnographic field observations and more than 200 interviews among diverse biomedical research constituencies in the United States and abroad. These views provide a penetrating glimpse into the complex web of interrelationships governing the international mobility of highly skilled personnel within a given scientific field. While the work of the NIH is unexceptionable in advancing biomedical knowledge and forging international research linkages, a far more complex and elusive picture emerges when the issue is placed within a broader labor market perspective. Under some circumstances the United States economy may suffer from the presence of foreign biomedical scientists in American laboratories. There is some fear that when these scientists return home they may take with them know-how developed here that could be used to strengthen the scientific prowess of overseas competitors. In conducting their research, the authors have identified several hitherto unrecognized functions that the NIH plays in channeling foreign biomedical scientists intothe American workforce. These functions are of great significance to immigration and labor policy and can be seen as instrumental to the satisfaction of numerous key public policy objectives. Biomedical Globalization will be of interest to policymakers, labor studies scholars, and scientific researchers.
This short book examines the availability and adoption of new education technologies in higher education institutions in India. It provides a summary of the activities in which such technologies are being used and the catalytic factors for such adoptions. The book also evaluates the impact on skill development, and will be a useful reference for those who are interested to find out more about technology adoption and implementation in higher education, and what the challenges are through the learning experiences in these education institutions.
In this book, the author argues that a new form of capitalism is emerging at the threshold of the Fourth Industrial Revolution. He asserts that we are in the midst of a transition from democratic capitalism to feudal capitalism and highlights how robotization and innovation is leading to a social crisis for the middle classes as economic inequality is on the rise. Johannessen outlines the three elements - Balkanization, the Great Illusion, and the plutocracy - which are referred to here as feudal structures. He describes, analyzes, and discusses these elements both individually and in interaction with each other, and asks: "What structures and processes are promoting and boosting feudal capitalism?" Additionally, the book serves to generate knowledge about how the middle class will develop in the Fourth Industrial Revolution. It shows the various effects of robotization on the middle class, where middle class jobs are transformed, deconstructed, and re-constructed and new part-time jobs are created for the middle class. Given the interest in the Fourth Industrial Revolution, the book will appeal to students of economic sociology and political economy as well as those in innovation and knowledge management courses focusing upon the emerging innovation economy. The topic will attract policymakers, and the accessible and engaging tone will also make the book of interest to the general public.
China witnessed an unprecedented economic boom in the past four decades but will soon see the end of "demographic dividend". With shrinking labor, improving the quality of human capital could be one way to maintain China's remarkable growth. The population in rural China accounts for 41% of the total population in China but the human capital development in rural China lags far behind the urban cities. This book selects four major reforms on education and health in rural China and evaluates the impact of these reforms on human capital development. Through rigorous econometric analysis, the book looks at factors of the rural-urban gap in human capital and the causal relationship between the reforms and the human capital development. This book will be a useful reference for developing economies which are facing similar issues in the labor market. |
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