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The Labor Market in the People’s Republic of China: Development and Policy Challenges in Economic Transition

In: Labor Markets in Asia

Author

Listed:
  • Ran Tao

    (University of Oxford
    Chinese Academy of Sciences)

Abstract

The market-oriented reforms launched in 1978 have dramatically changed the economic landscape of the People’s Republic of China (PRC). In the past 25 years, the country has transformed itself from a centrally planned economy to an emerging market economy, while achieving an average annual growth rate of more than 9% (Lin et al. 2003). The benefits of growth were also shared by the people on a broad basis: using the World Bank’s $1-a-day poverty measure, the number of poor is estimated to have dropped from about 490 million to 88 million over the same period, a decline in poverty incidence from 49% in 1981 to 6.9% in 2002 (World Bank 2003).

Suggested Citation

  • Ran Tao, 2006. "The Labor Market in the People’s Republic of China: Development and Policy Challenges in Economic Transition," Palgrave Macmillan Books, in: Jesus Felipe & Rana Hasan (ed.), Labor Markets in Asia, chapter 0, pages 503-558, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62738-3_8
    DOI: 10.1057/9780230627383_8
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    Cited by:

    1. Robert Adolf, 2013. "Economic Globalization, Inequality, Social Safety Nets, and the Size and Scope of Government in East and Southeast Asia," Poverty & Public Policy, John Wiley & Sons, vol. 5(3), pages 250-281, September.
    2. Gary Fields, 2012. "Challenges and policy lessons for the growth-employment-poverty nexus in developing countries," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-24, December.
    3. Montgomerie, Johnna & Roscoe, Samuel, 2013. "Owning the consumer—Getting to the core of the Apple business model," Accounting forum, Elsevier, vol. 37(4), pages 290-299.

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