Li, Hongbin; Li, Lei; Wu, Binzhen; Xiong, Yanyan - In: Journal of Economic Perspectives 26 (2012) 4, pp. 57-74
In recent decades, cheap labor has played a central role in the Chinese model, which has relied on expanded participation in world trade as a main driver of growth. At the beginning of China's economic reforms in 1978, the annual wage of a Chinese urban worker was only $1,004 in U.S. dollars....
