A Marxist Approach of the Middle Trap in China

Mylène Gaulard, 张 嘉昕 (Translator)

Research output: Contribution to journalArticle

34 Downloads (Pure)

Abstract

Since 2012,China is confronted with a slowing down of its economic growth, and various studies about the middle income trap wonder about the capacity of this country to reach the category of high-income per capita countries. Most of the time, the increase of wage costs, and more particularly of unit labor costs, is accused of being responsible for this slowing down, through the loss of international competitiveness in particular. Nevertheless, it is important to put in perspective this explanation, because the increase of the unit labor cost seems less dangerous than the decrease of capital productivity, which a reversion to the Marxist analysis allows us to better understand.
Original languageEnglish
Pages (from-to)85-102
Number of pages18
JournalJournal of Economics of Shanghai School
Volume14
Issue number3
Publication statusPublished - 2016
Externally publishedYes

Fingerprint

Unit labour costs
China
Trap
Economic growth
Wages
Income
Per capita income
Costs
International competitiveness
Capital productivity

Keywords

  • China
  • Middle-income Trap
  • Unit Labor Cost
  • Rate of Profit

Cite this

Gaulard, M., & 张嘉昕, (TRANS.) (2016). A Marxist Approach of the Middle Trap in China. Journal of Economics of Shanghai School, 14(3), 85-102.

A Marxist Approach of the Middle Trap in China. / Gaulard, Mylène ; 张嘉昕 (Translator).

In: Journal of Economics of Shanghai School, Vol. 14, No. 3, 2016, p. 85-102.

Research output: Contribution to journalArticle

Gaulard, Mylène ; 张嘉昕. / A Marxist Approach of the Middle Trap in China. In: Journal of Economics of Shanghai School. 2016 ; Vol. 14, No. 3. pp. 85-102.
@article{8b3edb832b814a62844ae8f7fb9572f1,
title = "A Marxist Approach of the Middle Trap in China",
abstract = "Since 2012,China is confronted with a slowing down of its economic growth, and various studies about the middle income trap wonder about the capacity of this country to reach the category of high-income per capita countries. Most of the time, the increase of wage costs, and more particularly of unit labor costs, is accused of being responsible for this slowing down, through the loss of international competitiveness in particular. Nevertheless, it is important to put in perspective this explanation, because the increase of the unit labor cost seems less dangerous than the decrease of capital productivity, which a reversion to the Marxist analysis allows us to better understand.",
keywords = "China, Middle-income Trap, Unit Labor Cost, Rate of Profit, 中国, 中等收入陷阱, 单位劳动力成本, 利润率",
author = "Myl{\`e}ne Gaulard and 嘉昕 张",
year = "2016",
language = "English",
volume = "14",
pages = "85--102",
journal = "Journal of Economics of Shanghai School",
publisher = "上海财经大学海派经济学研究中心",
number = "3",

}

TY - JOUR

T1 - A Marxist Approach of the Middle Trap in China

AU - Gaulard, Mylène

A2 - 张, 嘉昕

PY - 2016

Y1 - 2016

N2 - Since 2012,China is confronted with a slowing down of its economic growth, and various studies about the middle income trap wonder about the capacity of this country to reach the category of high-income per capita countries. Most of the time, the increase of wage costs, and more particularly of unit labor costs, is accused of being responsible for this slowing down, through the loss of international competitiveness in particular. Nevertheless, it is important to put in perspective this explanation, because the increase of the unit labor cost seems less dangerous than the decrease of capital productivity, which a reversion to the Marxist analysis allows us to better understand.

AB - Since 2012,China is confronted with a slowing down of its economic growth, and various studies about the middle income trap wonder about the capacity of this country to reach the category of high-income per capita countries. Most of the time, the increase of wage costs, and more particularly of unit labor costs, is accused of being responsible for this slowing down, through the loss of international competitiveness in particular. Nevertheless, it is important to put in perspective this explanation, because the increase of the unit labor cost seems less dangerous than the decrease of capital productivity, which a reversion to the Marxist analysis allows us to better understand.

KW - China

KW - Middle-income Trap

KW - Unit Labor Cost

KW - Rate of Profit

KW - 中国

KW - 中等收入陷阱

KW - 单位劳动力成本

KW - 利润率

M3 - Article

VL - 14

SP - 85

EP - 102

JO - Journal of Economics of Shanghai School

JF - Journal of Economics of Shanghai School

IS - 3

ER -