The Employment Impact of China's WTO Accession

Download or read book The Employment Impact of China's WTO Accession written by A. S. Bhalla and published by Routledge. This book was released on 2003-11-20 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.