Problems Facing China’s Growth

Joseph Dillon Davey

Chapter Chapter 6 in The Shrinking American Middle Class, 2012, pp 85-97 from Palgrave Macmillan

Abstract: Abstract If we assume that China will continue to graduate four times as many college students as the United States during the next decade and also take into consideration their current announced goal of making half the Chinese population literate in English within two decades, then the factor equalization theorem would predict rising wages in China and a disastrous drop in the wages of English-speaking college graduates in the West, including large numbers of middle-class Americans. But what if the wheels come off the Chinese juggernaut? What if the Chinese miracle disappears as rapidly as it began three decades ago? There are formidable problems facing China, and there is no guarantee that one or more of them will not be insurmountable.

Keywords: World Trade Organization; Political Protest; Burning Prob; Chinese Official; Official Corruption (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29507-1_7

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DOI: 10.1057/9781137295071_7

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