The Employment Impact of China's Wto Accession (Routledge Studies on the Chinese Economy) (Paperback)

The Employment Impact of China's Wto Accession (Routledge Studies on the Chinese Economy) By A. S. Bhalla, Shufang Qiu, S. Qiu Cover Image
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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.

About the Author


Ajit S. Bhalla is an economic consultant based in Geneva. He was formerly Fellow of Sidney Sussex College, University of Cambridge, and Special Adviser to the President of IDRC (Canada). He has held academic positions at Manchester, Oxford and Yale Universities. His fields of specialization include economic development, poverty alleviation, and globalization. Shufang Qiu is an Economic and Business Consultant based in Cambridge, UK. He has worked for the Chinese Government on economic reforms. His research interests include poverty alleviation, World Trade Organisation and economic transition in China.


Product Details
ISBN: 9781138380233
ISBN-10: 1138380237
Publisher: Routledge
Publication Date: January 2nd, 2024
Pages: 224
Language: English
Series: Routledge Studies on the Chinese Economy