Labor Practices in China and Its Effect on the Country's Economy

Ali Soylu

Alphanumeric Journal, 2015, vol. 3, issue 2, 93-98

Abstract: A major factor hidden behind the overall success of China is the cheap production of goods, infrastructures, and relatively cheap labor force. Subsequently, this research will show that some practices are not legal and transparent in the hiring practices of China’s labor force. Labor regulations are being violated daily bases and the laws governing the matter are not being enforced properly. As a result China is managing to become one of the leading empires in today’s economy. Moreover, this research will demonstrate that it is a tremendous task for the China’s leading economists to create business and financial models to stay on track as the fastest-growing economy. This paper also rounds up to promote the adoption of radical governmental and financial implementations, instead of solely relying upon cheap labor to develop China’s economic strata.

Keywords: China; Economy; Human Resource; Labor Regulations (search for similar items in EconPapers)
JEL-codes: F66 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:anm:alpnmr:v:3:y:2015:i:2:p:93-98

DOI: 10.17093/aj.2015.3.2.5000139828

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