Labour regulations in China and India: Economic Freedom in Relief
Lance on Jan 17 2008 | Filed under: China, Developing Markets, Economics, Emerging Markets, Trade
This is a stunning statistic:
…the annual expansion in China’s trade has been larger than India’s total annual trade during last several years.
Tyler Cowen hones in on this point, amongst a bounty of good points:
The most important factor that still holds back large [Indian] firms from entering these products is a set of draconian labour laws [...]
