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Author: Li Hongbin
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Book Description
In recent decades, cheap labor has played a central role in the Chinese growth model. However, wages are now rising in China, being significantly higher than those earned by workers in India and Indonesia in 2010. China's wages also increased faster than productivity since the late 1990s, suggesting that Chinese labor is becoming more expensive in this sense as well. The increase in China's wages is not confined to any sector. The main forces that are pushing wages up include the reforms in the late 1990s that re-established a flexible labor market in China, the decrease of the growth of China's labor force; and the slow-down of China's rural-to-urban migration.
Author: Li Hongbin
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Book Description
In recent decades, cheap labor has played a central role in the Chinese growth model. However, wages are now rising in China, being significantly higher than those earned by workers in India and Indonesia in 2010. China's wages also increased faster than productivity since the late 1990s, suggesting that Chinese labor is becoming more expensive in this sense as well. The increase in China's wages is not confined to any sector. The main forces that are pushing wages up include the reforms in the late 1990s that re-established a flexible labor market in China, the decrease of the growth of China's labor force; and the slow-down of China's rural-to-urban migration.
Author: Shaun Rein
Publisher: John Wiley & Sons
ISBN: 1118239946
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
As China evolves, so does the global marketplace—all the way down to the consumer The End of Cheap China is a detailed look at the rise of China, and how it will affect the global marketplace. A thorough exploration of the changes taking place in the Chinese economy, the book explains how much of the Western consumerist culture is built on the back of cheap Chinese factory labor, and warns that the era is coming to a close. Readers will learn why the cheap labor pool is beginning to dry up, what that means for the rest of the world, and how businesses will have to adapt to stay afloat. This updated second edition includes new statistics, the latest news on the Chinese economy, and additional case studies that illustrate the ways in which China has developed—into a brand-new potential market. China's social, political, and economic evolution will affect the entire world. Rising incomes are building pressure on the global commodities market, inflation is only just beginning, and consumers are experiencing sticker shock as cheap labor is becoming harder to find. The End of Cheap China explains the factors driving these changes, the impact that can be expected, and the opportunities that constitute a major silver lining for businesses panicking about the coming paradigm shift. Readers will: Discover the eight mega-trends changing China, and how far the ripples will spread Learn how rising costs in China will dramatically affect the American way of life Examine the rise of Chinese consumption, and the friction it engenders Consider the changes businesses must make to remain profitable in a changing world The global marketplace is evolving, and it's up to businesses to keep pace with the changes. The End of Cheap China provides a roadmap for navigating these changes, helping businesses lead the charge toward a more affluent global economy.
Author: Shaun Rein
Publisher:
ISBN:
Category : China
Languages : en
Pages :
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Book Description
GetAbstract Summary: Get the key points from this book in less than 10 minutes. Think beyond the incorrect stereotypes about China and read Shaun Rein's reality check. This respected China expert takes you behind the scenes to see what is going on in China today. His main message is a cautionary note for Westerners: As Chinese factory wages skyrocket, products made in China and sold around the globe will become more expensive, and China will become the world's most dynamic retail market. Despite its perhaps too-benign view of the Chinese government, getAbstract recommends Rein's report to manufacturers, retailers and consumers. Book Publisher:Wiley
Author: Florian Butollo
Publisher: Campus Verlag
ISBN: 3593501775
Category : Business & Economics
Languages : en
Pages : 405
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Book Description
Can China’s economy overcome its excessive dependence on exports? The Chinese government and international observers argue that this is needed if growth is to be sustained in the future. But substantial growth of domestic consumption can only be achieved if China also steps beyond its reliance on cheap migrant labour. Florian Butollo approaches this issue by means of a thorough empirical investigation of the recent transformation of industries in the Pearl River Delta, China ́s largest industrial hub. He uncovers that industrial upgrading rarely supports improvements in the basic employment pattern in enterprises in the garment and LED lighting industry. This failure of "social upgrading” threatens to undermine the project of a rebalancing of the Chinese economy. The book shows that the implementation of collective labour rights remains an important precondition for the future of the Chinese growth model.
Author: James W. Loewen
Publisher: Waveland Press
ISBN: 1478609400
Category : Social Science
Languages : en
Pages : 288
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Book Description
This scholarly, carefully researched book studies one of the most overlooked minority groups in Americathe Chinese of the Mississippi Delta. During Reconstruction, white plantation owners imported Chinese sharecroppers in the hope of replacing their black laborers. In the beginning they were classed with blacks. But the Chinese soon moved into the towns and became almost without exception, owners of small groceries. Loewen details their astounding transition from black to essentially white status with an insight seldom found in studies of race relationships in the Deep South.
Author: Julian Donaubauer
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Anne Deborah Coulter
Publisher:
ISBN:
Category : Chinese
Languages : en
Pages : 106
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Book Description
Author: Shaun Rein
Publisher: John Wiley & Sons
ISBN: 1118926781
Category : Business & Economics
Languages : en
Pages : 175
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Book Description
“REIN MASTERFULLY CAPTURES WHERE [CONSUMERS] HAVE BEEN AND WHERE THEY DREAM OF GOING.” —FORTUNE PRAISE FOR THE END OF CHEAP CHINA “Brilliantly written.” —Financial Times “Rein combines elegant writing and methodical research. Years of working in China have given him access to important players. Incisive interviews with billionaires, business executives, government officials, and migrant workers guide the pulse of the narrative . . . essential reading.” —USA Today “Engaging. Full of vivid anecdotes from Chinese billionaires to senior party officials and even prostitutes. For any foreigners thinking about doing business in the Middle Kingdom, The End of Cheap China is a good place to start.” —Reuters “Must-read.” —Consulting Magazine “A lively read.” —Straits Times “An inside look.” —Industry Week “Compelling, engaging, informative.” —The Cayman Islands Journal “Lively, well-written book.” —South China Morning Post “Engaging, highly readable style with real-life examples from vast catalog of China research. For good measure, Rein wedded into China’s elite, marrying the granddaughter of 1980s Politburo chairman Marshal Ye Jianying” —Asia Times
Author: Jenny Chan
Publisher: Haymarket Books
ISBN: 1642592048
Category : Political Science
Languages : en
Pages : 208
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Book Description
Suicides, excessive overtime, and hostility and violence on the factory floor in China. Drawing on vivid testimonies from rural migrant workers, student interns, managers and trade union staff, Dying for an iPhone is a devastating expose of two of the world’s most powerful companies: Foxconn and Apple. As the leading manufacturer of iPhones, iPads, and Kindles, and employing one million workers in China alone, Taiwanese-invested Foxconn’s drive to dominate global electronics manufacturing has aligned perfectly with China’s goal of becoming the world leader in technology. This book reveals the human cost of that ambition and what our demands for the newest and best technology means for workers. Foxconn workers have repeatedly demonstrated their power to strike at key nodes of transnational production, challenge management and the Chinese state, and confront global tech behemoths. Dying for an iPhone allows us to assess the impact of global capitalism’s deepening crisis on workers.’
Author: Scott Rozelle
Publisher: University of Chicago Press
ISBN: 022674051X
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
A study of how China’s changing economy may leave its rural communities in the dust and launch a political and economic disaster. As the glittering skyline in Shanghai seemingly attests, China has quickly transformed itself from a place of stark poverty into a modern, urban, technologically savvy economic powerhouse. But as Scott Rozelle and Natalie Hell show in Invisible China, the truth is much more complicated and might be a serious cause for concern. China’s growth has relied heavily on unskilled labor. Most of the workers who have fueled the country’s rise come from rural villages and have never been to high school. While this national growth strategy has been effective for three decades, the unskilled wage rate is finally rising, inducing companies inside China to automate at an unprecedented rate and triggering an exodus of companies seeking cheaper labor in other countries. Ten years ago, almost every product for sale in an American Walmart was made in China. Today, that is no longer the case. With the changing demand for labor, China seems to have no good back-up plan. For all of its investment in physical infrastructure, for decades China failed to invest enough in its people. Recent progress may come too late. Drawing on extensive surveys on the ground in China, Rozelle and Hell reveal that while China may be the second-largest economy in the world, its labor force has one of the lowest levels of education of any comparable country. Over half of China’s population—as well as a vast majority of its children—are from rural areas. Their low levels of basic education may leave many unable to find work in the formal workplace as China’s economy changes and manufacturing jobs move elsewhere. In Invisible China, Rozelle and Hell speak not only to an urgent humanitarian concern but also a potential economic crisis that could upend economies and foreign relations around the globe. If too many are left structurally unemployable, the implications both inside and outside of China could be serious. Understanding the situation in China today is essential if we are to avoid a potential crisis of international proportions. This book is an urgent and timely call to action that should be read by economists, policymakers, the business community, and general readers alike. Praise for Invisible China “Stunningly researched.” —TheEconomist, Best Books of the Year (UK) “Invisible China sounds a wake-up call.” —The Strategist “Not to be missed.” —Times Literary Supplement (UK) “[Invisible China] provides an extensive coverage of problems for China in the sphere of human capital development . . . the book is rich in content and is not constrained only to China, but provides important parallels with past and present developments in other countries.” —Journal of Chinese Political Science
