Labour market transition, income inequality and economic growth in China
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Organización Internacional del Trabajo (OIT)
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| Format: | Artículo científico |
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International Labour Organization
2011
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| _version_ | 1874525321591521281 |
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| author | Ming Lu Hong Gao |
| author_facet | Ming Lu Hong Gao Ming Lu Hong Gao |
| contents | Labour market transition, income inequality and economic growth in China Ming Lu Hong Gao After “opening up” in 1978, China followed a development strategy that has led to internal and external economic imbalances, especially since its labour market reform of the mid-1990s and the resulting surge in rural-to-urban migration. Low labour costs emerged as its main comparative advantage, but its over-reliance on exports for growth was starkly exposed by the global economic crisis of 2008. This, coupled with widening income disparities, could jeopardize the sustainability of China’s growth unless it adjusts its reform and development strategies to promote income equality and domestic consumption. The Employment Contract Law in force since 2008 could signal institutional change in the right direction. 10.1111/j.1564-913X.2011.00107.x DOI https://doi.org/10.1111/j.1564-913X.2011.00107.x publication.journalArticle |
| format | Artículo científico |
| id | ilo_995219070502676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2011 |
| publisher | International Labour Organization |
| spellingShingle | Labour market transition, income inequality and economic growth in China Ming Lu Hong Gao Labour market transition, income inequality and economic growth in China Ming Lu Hong Gao After “opening up” in 1978, China followed a development strategy that has led to internal and external economic imbalances, especially since its labour market reform of the mid-1990s and the resulting surge in rural-to-urban migration. Low labour costs emerged as its main comparative advantage, but its over-reliance on exports for growth was starkly exposed by the global economic crisis of 2008. This, coupled with widening income disparities, could jeopardize the sustainability of China’s growth unless it adjusts its reform and development strategies to promote income equality and domestic consumption. The Employment Contract Law in force since 2008 could signal institutional change in the right direction. 10.1111/j.1564-913X.2011.00107.x DOI https://doi.org/10.1111/j.1564-913X.2011.00107.x publication.journalArticle |
| title | Labour market transition, income inequality and economic growth in China |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/Labour-market-transition-income-inequality-and/995219070502676 |