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China, India and Beyond

Development Drivers and Limitations

Edited by Natalia Dinello and Shaoguang Wang

China, India and Beyond challenges the widespread belief that China and India will be the driving forces of the global economy in the 21st century. Scholars of these two countries offer scenarios ranging from buoyant to subdued to negative, depending on how they evaluate the drivers of development (market-oriented reforms, global integration and investment in human capital), and its limitations (infrastructure bottlenecks, environmental degradation and institutional frailties). The book covers a broad set of topics, including international trade and investment, health care and grassroots democracy. Readers from all countries will benefit from this cogent analysis of the delicate balance among various ingredients of successful development versus failure.
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Chapter 8: Labor Market Informalization and Implications for Sustainable Growth

Du Yang, Cai Fang and Wang Meiyan

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8. Labor Market Informalization and Implications for Sustainable Growth Du Yang, Cai Fang and Wang Meiyan In the late 1990s China’s labor market entered a steep decline characterized by increasing unemployment and reduced labor-force participation...

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