How is the unemployment rate related to various socio-economic factors in China?
How Is The Unemployment Rate Related To Various Socio Economic Factors In China?
Length: 6 pages (1637 Words)
Almost every country in the globe is trying to deal with the menace of unemployment in the economy. The rate of unemployment remains a global issue and the international community has tried to work beyond capacity to alleviate this issue especially in the developing countries. The developing countries are holding investment summits and workshop to lure in foreign investors as well as encourage innovation and local investment solely to create employment. In recent study (Litao and Yianjie, 2010) the labor shortage trend is likely to continue and become more intense, permanent and widespread, especially after the year 2015 due to the collapsing of the new entrants in the China labor market.
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