Expanding Employment and the Challenge of Unemployment—An Evaluation of China's Employment Policies (1949-2001)

Author: Hu Angang et al.
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Features: Whether in developed or developing countries, any structural transformation is a "creative destruction," which will inevitably cause social unrest, strikes and protests, government changes, and so on to varying degrees. No country in the world has undergone such a large-scale economic restructuring in such a short period, with such a high number of laid-off workers, such a high rate of reemployment, and such a high growth rate of social security expenditures. It is referred to as a "peaceful revolution," meaning that the economic structural transformation was carried out in a peaceful manner without social unrest or turmoil. China's labor force accounts for one-fourth of the world's population, and alleviating unemployment is a global challenge. Solving this issue has been the top development priority for every Chinese government. This book provides important research insights and decision-making support for this matter.