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China and India : A comparative analysis of their integration into the global economy
| Content Provider | Semantic Scholar |
|---|---|
| Author | Siraj, Mazhar |
| Copyright Year | 2011 |
| Abstract | Global integration of China and India has had quite different effects on the structural pattern of their economic growth. Manufacturing became the engine of economic growth in the former whereas the latter thrived due to the rapid growth of services sector. The implications of their present patterns of growth seem to be very favourable for long-term development. However, employment effects of their integration into the global economy are quite similar, and are evident in fast growth of labour, migration of skilled labour force to developed countries, decline of employment in formal sector and slow growth of regular wage employment. In this context, sustainability of the fast economic growth of China and India depends largely on the extent to which they are able to generate a process for steady expansion of regular wage employment and productivity of low skilled labour force. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.paecon.net/PAEReview/issue57/Siraj57.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
