Increased Economic Openness and the Interface between Trade, Technology and Employment
Some issues vis-á-vis size and level of development in case of India and China
November 20, 2007By Shipra Nigam
The impact of increased integration through trade on income and employment within the developing world has been the subject of widespread debate during the past few decades. While problems that arose in case of the differing growth trajectories of Latin American and African countries have been widely acknowledged and affected subsequent policy debates as well as initiatives, there seems to be an emerging consensus that growth rates have actually risen in case of most Asian countries that have witnessed trade and economic liberalisation, with China and India being now widely posited as the new 'success stories' of contemporary globalisation. This paper intends to map the interface between rising trade, growth and employment in an era of increased economic integration while focusing on its impact on the labor markets of these economic giants. The first section explores the theoretical issues involved where the interface between rising trade integration, growth and employment is concerned in an era of increased economic openness. The second section carries out a survey of empirical trends in trade integration and changing patterns of output and employment in the post liberalization era in case of India and China focusing specifically on the last one and a half decades. The concluding section summarizes the trends in context of the theoretical discussion carried out in the first section.
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