The Employment Impact of China's WTO Accession

1st Edition

A. S. Bhalla, Shufang Qiu, S. Qiu

Routledge
Published August 23, 2018
Reference - 224 Pages
ISBN 9781138371248 - CAT# K397367

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Summary

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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