|
China’s Experience with Productivity and Jobs |
||
Authors:
Yuan Jiang,
Yaodong Liu,
Robert H. McGuckin, III, Matthew Spiegelman,
Jianyi Xu
As part of its integration into the world economy, China has undergone massive restructuring of its industrial enterprises and granted market access to foreign and private domestic firms. While these changes have led to enormous productivity gains, they are also closely linked to an important side effect—China is rapidly losing manufacturing jobs. To be sure, the “offshoring” of developed countries’ jobs to China has aided growth. But as this report demonstrates, China is losing many more manufacturing jobs than the developed world (including the United States)—and in many of the same industries where the developed world has seen the greatest declines. Topics Covered:
Special Features:
|
|
|