Blog
Demographic shifts - and working with China
31st March 2010
Business Insider’s chart of the day has some revealing population projections that suggest that the USA’s labour force is set to continue to expand in the years ahead whereas China’s labour force will shrink by 10%, Europe’s will shrink 25%, and that of Korea and Japan’s will also contract by a significant amount.
The BBC news website carries a related article on labour mobility within the Chinese economy. Millions of internal migrants moved away from the manufacturing heartlands during the recent economic crisis. How many of them will return especially with the financial incentives on offer from a Chinese government that is seeking to create a million more entrepreneurs. Read: Why migrant workers are shunning China’s factories
Hamish McRae has a thoughtful piece in the Independent today on some of the lessons from the rising level of foreign direct investment by Chinese companies in Western businesses.
Hamish McRae: Dealing with China will never be easy
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.