ENGLISH

The Employment Impact of China's WTO Accession

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

Book information

Publisher
Routledge
Year
2003
ISBN
0415308399, 9780415308397
Language
english
Format
EPUB
Filesize
1 MB (1344802 bytes)
Series
Routledge Studies on the Chinese Economy
Pages
224\0
Topic
Economy
Time added
2022-07-19 09:07:06

Description

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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