The purpose of this blog is to provide analytical commentary on formal and informal labour organisations and their attempts to resist ever more brutal forms of exploitation in today’s neo-liberal, global capitalism.

Showing posts with label FDI. Show all posts
Showing posts with label FDI. Show all posts

Wednesday, 18 February 2015

The End of Cheap Labour in China?

China’s developmental strategy has been based on cheap labour, foreign direct investment (FDI) and the assembling of pre-fabricated parts for export to North American and European markets. This export-oriented growth strategy in low value added production sectors has, however, come under pressure as a result of the global economic crisis and a decline in global demand. In his presentation at Nottingham University on 17 February, jointly hosted by the School of Contemporary Chinese Studies and the Centre for the Study of Social and Global Justice, Florian Butollo from Jena University in Germany investigated whether China’s attempts at industrial upgrading in response to the crisis have also resulted in ‘social upgrading’ for its workforce.