Employment Impact of China's WTO Accession

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.

Cartea exploreaza implicatiile macroeconomice si sectoriale ale ocuparii fortei de munca (in agricultura, industrie si servicii) ale aderarii la Organizatia Mondiala a Comertului din China. Acesta sustine ca, desi pot aparea pierderi de locuri de munca pe termen scurt, pe termen lung China va putea genera locuri de munca suplimentare, in special in sectoarele tertiare; si ca isi poate mentine avantajul comparativ in exporturile cu forta de munca intensa prin mutarea productiei din zonele de coasta cu costuri ridicate in interiorul tarii, cu o oferta abundenta de forta de munca ieftina.