This book is a reflection of the current research that explores the mechanism, dynamics and evidence of the impact of human capital on economic development and social well-being in modern China. Composed of keynote speeches and selected papers from The 2005 International Conference of the Chinese Economists Society (www.china-ces.org), it tracks the latest understanding and empirical evidence of the relationships amongst health, education and economic development in China. The book presents a broad spectrum of study topics covering human capital and economic growth; demand, attainment and disparity in both education and health; and investing in human capital and the economic and social returns in China. Distinguished contributors include Robert Fogel, Michael Grossman, Daniel Hamermesh, Gregory Chow and Dean Jamison.
The book explores the macroeconomic and sectoral employment implications (in agriculture, industry and services) of China's World Trade Organisation accession. It argues that while short-run employment losses may occur, in the longer term China will be able to generate additional employment particularly in the tertiary sectors; and that it can maintain its comparative advantage in labour-intensive exports by relocating production from high-cost coastal areas to the hinterland with abundant supply of cheap labour. It also argues that, although China is likely to benefit in the long run, in the short and medium term China is likely to face enormous problems, including increased unemployment as weaker links cease to be protected by tariffs, and the problem of restructuring state-owned enterprises.
The number of poor people in China is huge, despite recent economic advances. The minorities in China constitute less than ten per cent of the entire population, yet they represent forty to fifty per cent of the absolute poor. This compelling book investigates the problem of poverty and inequality in and among Chinese ethnic minorities, focusing in particular on two important questions: Have the minorities shared the fruits of spectacular economic growth in China during the past two decades? Is their backwardness due to ethnic and cultural factors or to extremely low incomes? The authors examine the different factors explaining poverty, the relationship between poverty and ethnicity, poverty indicators that permit a comparison between minorities and non-minorities (or the Han majority), economic and demographic characteristics of minorities and their educational, occupational and gender profiles. They consider whether special measures in favour of minorities introduced by the Chinese government have contributed to an improvement in their standard of living. Poverty and Inequality among Chinese Minorities gives original research findings and new thinking on a highly topical issue in Chinese development economics, and fills a gap in the existing economic literature.
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