As China reformed its economy during the past 44 years, it experienced the fastest sustained expansion by a major … growth over 6% might be considered admirable in many nations, in China it has sparked a debate about the causes of the … slowdown. One suspect is China’s 2008 Labor Contract Law (LCL), which provides workers with certain rights against firings and …

This paper highlights new findings on the wage-productivity nexus in the World Factory Economy. After presenting the … long-run macro-elasticity characterizing the phase of Chinese economic development since the eighties, we look at the wage-productivity … sector, the distribution of gains from the impressive labour productivity growth appears to be markedly uneven. Finally …

Since the industrial revolution, technological innovations have enabled rise in productivity, employment, standard of … living and the tota l population several times. In the last 15 years productivity growth ha s slowed-down in the most of … expected to trigge r a slight acceleration in productivity, while explosive growth i n productivity, as predicted by some th …

United States, Canada, Australia, five Asian countries (Taiwan, South Korea, Japan, China and India), three European …