Premium
Economic Development in Asian Countries, and the Effectof Trade in Asia on Employment and Wages in Japan
Author(s) -
Tachibanaki Toshiaki,
Morikawa Masayuki,
Nishimura Taro
Publication year - 1998
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/1467-8381.00056
Subject(s) - economics , china , wage , developing country , developed country , labour economics , international economics , economic growth , political science , population , demography , sociology , law
There is a controversy in the USA and several European countries on whether or not an increase in imports in manufacturing goods from low‐wage developing countries has major effects on employment and wages in industrialized countries. This paper examines the issue for Japanese imports, paying a particular attention to the effect of manufacturing imports from Asian countries on employment and wages in Japan. It is found that the effect has not been large to date, but that there could be negative effects on employment and, in particular, wages if imports from China and India were to increase substantially.