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Lewisian turning point in the Chinese economy: comparison with East Asian countries

edited by Ryoshin Minami, Fumio Makino, and Kwan S. Kim
Resource Type:
E-Book
Publication:
Houndmills, Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2014
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Summary:
"In recent years there has been heated debate surrounding China's labour market, many economic commentators have argued that China has passed the 'Lewisian turning point' in its economic development as migrant workers have become scarce in coastal and urban area resulting in increased wage. This study challenges this assumption through presenting a close examination of the historical evolution in China's Labor market and empirically and theoretically analysing the changing structure of China's labor market in the context of the Lewisian turning point. The host of contributors offer a comprehensive study of the Labor market in China against the experiences of other East and South Asian countries, such as Japan, Korea, and Indonesia. This volume finds that surplus labour still exists in the rural areas of China, and in urban industries which face continuing shortages in labor. Its findings also reveal that income distribution in China has worsened due to the existence of surplus labour and the absence of institutional reforms. These conclusions have significant political implication as it could lead to social and political instability. Lewisian Turning Point in the Chinese Economy will be invaluable reading for researchers interested in the China and economic development."-- [Provided by publisher]
Table of Contents:
  • Machine generated contents note: 1. Turning Point in the Labor Surplus Economy: Concept and Approach / Ryoshin Minami
  • I. Theory of the turning point
  • II. TP experiences from historical perspective
  • III. Contents of this volume
  • References
  • pt. I Lewisian Turning Point in Asian Countries
  • 2. Turning Point in Japan: Structural Change in the Labor Market and Significance / Ryoshin Minami
  • I. Methodology for finding the turning point
  • II. Real wages and wage differentials
  • III. Relation between wages and labor productivity in agriculture
  • IV. Factors and consequences of passing the turning point
  • V. Conclusions
  • References
  • 3. Structural Change of the Labor Market and the Turning Point in South Korea / Chang Nam Kim
  • I. Employment absorption and agricultural workforce
  • II. Manufacturing real wages and labor supply elasticity
  • III. Marginal labor productivity of agriculture
  • IV. Income distribution
  • V. Conclusions
  • References
  • 4. Agricultural Surplus Labor and Poverty in Indonesia / Kazutoshi Nakamura
  • I. Wage rates in agriculture
  • II. Labor productivity and real wages
  • III. Changes in rural economy
  • IV. Summary and some issues to be investigated
  • References
  • 5. Labor Market and the Lewisian Turning Point in China / Xinxin Ma
  • I. Recent changes in the labor market
  • II. Agricultural production function and surplus labor
  • III. Outflow of agricultural labor and rural industrial employment
  • IV. Concluding summary and prospect
  • References
  • pt. II Structural Change of the Labor Market in China: Facts and Factors
  • 6. Demographic Transition and Regional Employment / Yue Qu
  • I. Demographic change and the Lewisian turning point
  • II. Impact of demographic transition on labor market
  • III. Where will the labor-intensive industries go?
  • IV. Demographic dividend in Inland
  • V. Concluding remarks
  • References
  • 7. Regional Migration and Structural Change in the Labor Market / Xu Li
  • I. Composition of migration
  • II. Migration in Sichuan and Guangdong
  • III. Conclusions
  • References
  • 8. Foreign Direct Investment and Employment / Hiromi Ishizuka
  • I. Foreign investment in China
  • II. Framework and working hypothesis
  • III. Quantitative analysis and results
  • IV. Conclusions
  • References
  • 9. Labor Market Transformation in Shanghai / Shanping Yan
  • I. Literature review and Shanghai employment surveys
  • II. Outlook of the labor market
  • III. Econometric analysis on labor segmentation
  • IV. Conclusions
  • References
  • 10. Labor Migration and Urban-Rural Income Disparity / Wenshu Gao
  • I. issues of income data and income statistics
  • II. Rural migration and impact on income
  • III. Model for estimating the urban-rural income gap
  • IV. Re-estimating the urban-rural income gap
  • V. Conclusions
  • References
  • pt. III Summary and Conclusions
  • 11. China's Turning Point from an East Asian Perspective: Prospective Recapitulation / Fumio Makino
  • I. Turning point in the East Asian context
  • II. Consequences of the turning point
  • III. Turning point and prospective outlook
  • References.
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Contributors:
Minami, Ryōshin, 1933-
Makino, Fumio, 1951-
Kim, Kwan S.
Languages:
English
Language Notes:
Item content: English
Subjects:
Economic development — China
Economic development — East Asia
China — Economic conditions
East Asia — Economic conditions
General Notes:
Includes bibliographical references and index.
Description based on print version record.
Physical Description:
1 online resource.
Call Numbers:
HC427 .L4455 2014eb
ISBNs:
9781137397263 (electronic bk.)
1137397268 (electronic bk.)
9781137397256 [Invalid]
113739725X [Invalid]
Other Standard Numbers:
[Unknown Type]: 40024209765
[Unknown Type]: 40024230730
OCLC Numbers:
884250259
Other Control Numbers:
EBC1765610 (source: MiAaPQ)
[Unknown Type]: ybp11895238