chapter  7
14 Pages

Labour Markets In China: Coming To Terms With Globalization


Introduction The People’s Republic of China (Zhonghua renmín gongheguo), henceforth referred to as ‘the PRC’ or just ‘China’, has the oldest continuous existence as a political entity of any country in the world, going back more than four millennia. Known for most of its existence as Zhonghuo – ‘Middle Kingdom’ or ‘central country’ – China was for centuries a model of technological and economic innovation. The Chinese not only introduced ‘hard’ inventions, in metallurgy for example, but also ‘soft’ innovations such as bureaucracy, as Joseph Needham has shown (see Ronan, 1978-85). China’s accomplishments are only now being fully recognized for their contribution to world civilization.