OPENNESS AND OPPORTUNITY: ECONOMIC GROWTH AND LABOR-INTENSIVE INDUSTRIES IN CHINA
Abstract
This study examines the relationship between trade openness, economic growth, and the evolution of labor-intensive industries in China. Over the past few decades, China has embraced a policy of economic liberalization, significantly integrating itself into the global market. This research employs a mixed-methods approach, combining quantitative analysis of economic data with qualitative interviews from industry stakeholders, to understand how increased trade openness has influenced the performance and adaptation of labor-intensive sectors. Findings indicate that while trade openness has spurred economic growth and expanded export opportunities, it has also posed challenges for labor-intensive industries, including rising competition and labor cost pressures. The study highlights the need for strategic policy interventions to enhance the resilience of these industries amidst changing economic dynamics. By identifying the key factors that contribute to the sustainability of labor-intensive industries, this research aims to provide insights for policymakers seeking to balance growth and stability in China’s evolving economic landscape.
Keywords
Trade openness, Economic growth, Labor-intensive industriesHow to Cite
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