Chronicle of a Decline Foretold is popular PDF and ePub book, written by Ms.Mitali Das in 2013-01-29, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Chronicle of a Decline Foretold can be Read Online from any device for your convenience.
Chronicle of a Decline Foretold Book PDF Summary
China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China is poised to cross the Lewis Turning Point, a point at which it would move from a vast supply of low-cost workers to a labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of the world. This paper empirically assesses when the transition to a labor shortage economy is likely to occur. Our central result is that on current trends, the Lewis Turning Point will emerge between 2020 and 2025. Alternative scenarios—with higher fertility, greater labor participation rates, financial reform or higher productivity—may peripherally delay or accelerate the onset of the turning point, but demographics will be the dominant force driving the depletion of surplus labor.
Detail Book of Chronicle of a Decline Foretold PDF
- Author : Ms.Mitali Das
- Release : 29 January 2013
- Publisher : International Monetary Fund
- ISBN : 9781475525199
- Genre : Business & Economics
- Total Page : 21 pages
- Language : English
- PDF File Size : 16,7 Mb
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