The Employment Impact of China's WTO Accession

Nonfiction, Social & Cultural Studies, Social Science, Cultural Studies, Ethnic Studies, Political Science
Cover of the book The Employment Impact of China's WTO Accession by A. S. Bhalla, Shufang Qiu, S. Qiu, Taylor and Francis
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Author: A. S. Bhalla, Shufang Qiu, S. Qiu ISBN: 9781134394623
Publisher: Taylor and Francis Publication: November 20, 2003
Imprint: Routledge Language: English
Author: A. S. Bhalla, Shufang Qiu, S. Qiu
ISBN: 9781134394623
Publisher: Taylor and Francis
Publication: November 20, 2003
Imprint: Routledge
Language: English

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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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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