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Division and Employment: A New Analysis Framework of Economic Growth
Cai Bin-bin
Teaching and Research
2004, (4):
43-47.
The new analysis framework of economic growth is based on the division of labor and employment in which a dynamic market is prompted by self-evolution of division. Thus, the level of labor division becomes an important index to measure quality of economic growth, while the level of employment becomes an index to measure the quantity of economic growth. This division-employment mechanism of measuring economic growth opens new possibilities for policy making in developing countries. Examined in the light of this analysis framework, the employment problem in China lies fundamentally in a combination of low-level labor division and accumulation of low-level human capital. Therefore, the author concludes, an enlarged space for sufficient and higher level labor division is the basis for solving employment problems in China.
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