|
|
|
|
|
|
CIAO DATE: 04/05
Doubling the Global Work Force: The Challenge of Integrating China, India, and the Former Soviet Bloc into the World Economy
Richard B. Freeman
November 2004
Abstract
In 1985, the global economic world (N. America, S. America, Western Europe, Japan, Asian Tigers, Africa) consisted of 2.5 billion people.
In 2000 as a result of the collapse of communism, India’s turn from autarky, China’s shift to market capitalism, global economy encompassed 6 billion people.
Had China, India, and the former Soviet empire stayed outside, global economy would have had 3.3 billion.