book hack
Invisible ChinaBy Scott Rozelle, Natalie Hell

In a Nutshell

Scott Rozelle and Natalie Hell analyze labor trends in China while explaining why the country's economic growth is stalling and — is likely to decline.

Favorite quote

For all the unintended consequences, the globalization of manufacturing has done more to reduce global poverty than any policy ever undertaken.

Scott Rozelle and Natalie Hell

Introduction

Over the course of a lifetime, incomes in China rose ten to twentyfold as urban manufacturing jobs attracted rural workers, resulting in history's largest peacetime migration. But as rising wages have decreased incentives for businesses to manufacture in China, the country's economic growth is now stalling.

In this extensively researched book, Scott Rozelle and Natalie Hell explore the dynamics around China's evolving labor market while identifying several faults in its current economic plan. Rozelle is a Stanford University professor and a senior fellow at the Freeman Spogli Institute for International Studies, while Hell is a researcher with Stanford's Rural Education Action Program. Invisible China draws from thousands of qualitative interviews conducted with migrant workers and rural Chinese as well as quantitative data on education, child nutrition, and labor to explore the problems China faces in the coming decades.

Here are the 3 key insights from this Hack

  1. 1.
    China is caught in the middle-income trap
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