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The Employment Impact of China's WTO Accession (Paperback)
Loot Price: R1,324
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The Employment Impact of China's WTO Accession (Paperback)
Series: Routledge Studies on the Chinese Economy
Expected to ship within 12 - 17 working days
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The book explores the macroeconomic and sectoral employment
implications (in agriculture, industry and services) of China's
World Trade Organisation accession. It argues that while short-run
employment losses may occur, in the longer term China will be able
to generate additional employment particularly in the tertiary
sectors; and that it can maintain its comparative advantage in
labour-intensive exports by relocating production from high-cost
coastal areas to the hinterland with abundant supply of cheap
labour. It also argues that, although China is likely to benefit in
the long run, in the short and medium term China is likely to face
enormous problems, including increased unemployment as weaker links
cease to be protected by tariffs, and the problem of restructuring
state-owned enterprises.
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