The Role of China's Trade Liberalization in Boosting Industrial Employment and Incomes in Emerging Countries

Zhang Xiaolei; Li Xiaoyu; Sri Krishna Banerjee

doi:10.36948/ijfmr.2023.v05i04.4858

The Role of China's Trade Liberalization in Boosting Industrial Employment and Incomes in Emerging Countries

Author(s)	Zhang Xiaolei, Li Xiaoyu, Sri Krishna Banerjee
Country	China
Abstract	The substantial influence of China's expeditious economic expansion and policies promoting trade liberalization on developing nations, specifically with regards to industrial employment and income, cannot be understated. This research investigates the impact of China's trade liberalization on the enhancement of industrial employment and incomes in the aforementioned countries. The process of liberalizing China's trade policies, which commenced in the latter part of the 1970s, has resulted in a notable upswing in its export activities and a heightened level of interconnectedness with the international economic system. The process of integration has led to significant influxes of foreign direct investment (FDI) into China, as multinational corporations have endeavored to capitalize on its inexpensive labor force and expansive consumer base. Consequently, China has emerged as a prominent manufacturing center, resulting in the establishment of extensive global value chains. Various emerging countries, with a particular focus on those situated in Asia, have experienced advantageous outcomes as a result of China's trade liberalization efforts. To begin with, the increased demand for raw materials and intermediate goods in China has generated novel export prospects for various countries, particularly in sectors such as agriculture, mining, and manufacturing. The aforementioned phenomenon has engendered a surge in industrial production and concurrently created avenues for employment, primarily benefiting individuals with limited skill sets.
Keywords	Emerging countries, Global value chains, Industrial employment, Technology transfer, Trade liberalization
Field	Business Administration
Published In	Volume 5, Issue 4, July-August 2023
Published On	2023-07-29
Cite This	The Role of China's Trade Liberalization in Boosting Industrial Employment and Incomes in Emerging Countries - Zhang Xiaolei, Li Xiaoyu, Sri Krishna Banerjee - IJFMR Volume 5, Issue 4, July-August 2023. DOI 10.36948/ijfmr.2023.v05i04.4858
DOI	https://doi.org/10.36948/ijfmr.2023.v05i04.4858
Short DOI	https://doi.org/gsjjp5

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The Role of China's Trade Liberalization in Boosting Industrial Employment and Incomes in Emerging Countries

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