The Evidence Cited in the Chapter Using the Examples of the East

question 63

Essay

The evidence cited in the chapter using the examples of the East Asia New Industrializing Countries suggests that as international productivities converge,so do international wage levels.Why do you suppose this happened for the East Asian NICs? In light of your answer,what do you think is likely to happen to the relative wages (relative to those in the United States)of China in the coming decade? Explain your reasoning.

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Definitions:

Creative Performance

relates to the generation of new and useful ideas, solutions, or products within a professional setting, reflecting an individual’s innovative capabilities.

Employee Fear

The apprehension experienced by employees regarding potential negative consequences within the workplace, such as job loss or failure.

High Turnover

Describes a situation where a company or organization experiences a high rate of employees leaving and needing replacement over a short period.

Recurrence

The act of occurring again, especially after a certain period or due to specific circumstances.