Li, Hongbin; Li, Lei; Wu, Binzhen; Xiong, Yanyan - In: Journal of Economic Perspectives 26 (2012) 4, pp. 57-74
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 … Thailand. The Chinese wage was also low relative to productivity. However, wages are now rising in China. In 2010, the annual … Philippines and Thailand and significantly higher than those earned by workers in India and Indonesia. China's wages also …