|
This
paper argues that both China and India, despite the
similarity of the current international hype about their
future economic prospects and also despite their obvious
differences, face rather similar economic problems at
present with respect to the labour market. In both countries,
the strategy of development is delivering relatively
high growth without commensurate increases in employment,
especially in the organised sector; and the bulk of
new employment is in lower productivity activities under
uncertain and often oppressive conditions. It is argued
that this paradox may be a common result of the similar
strategy of economic expansion currently being followed
in both countries. |
