The End of Cheap Chinese Labor教程.pdfVIP

Journal of Economic Perspectives—Volume 26, Number 4—Fall 2012—Pages 57–74 The End of Cheap Chinese Labor Hongbin Li, Lei Li, Binzhen Wu, and Yanyan Xiong nn recent decades, cheap labor has played a central role in the Chinese model,recent decades, cheap labor has played a central role in the Chinese model, wwhich has relied on expanded participation in world trade as a main driver ofhich has relied on expanded participation in world trade as a main driver of IIggrowth (Lin, Cai, and Li 2003; Bernstein 2004). At the beginning of China’srowth (Lin,