Despite major gains, Chinese manufacturing workers have much lower productivity than their U.S. counterparts. Chinese service workers
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Despite major gains, Chinese manufacturing workers have much lower productivity than their U.S. counterparts. Chinese service workers are relatively more productive, but most services aren’t trad able. So which matters for Chinese wages—manufacturing or service productivity?
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Wages in China will be determined by productivity in both the manufact...View the full answer
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Related Book For
International Economics Theory and Policy
ISBN: 978-0134519579
11th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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