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Trade and Employment: Literature Review of International Studies on the Latest Progress and Policy Orientation——On the Policy Choice of Resolving the Impact of Sino-US Trade Conflicts on China's Employment

【Authors】
ZHAO Jin
【WorkUnit】
National Academy of Economic Strategy, CASS, 100028.
【Abstract】

With the deepening of global economic integration and the internationalization of employment, there are great concerns about increased unemployment, wage inequality, youth unemployment and informal employment. Trade and employment have become an important issue in the study of international trade. The latest international research shows that trade can create jobs, but also lead to increased unemployment, the net effect of which depends on the situation in different countries. In the short term, because of the cost of employment adjustment, trade will have a negative impact on employment of different countries, regions and individuals. But in the long run, trade will have a positive effect on upgrading industrial structure, and increasing high-skilled employment, wages and women‘s employment. Sino-US trade conflict will have an important impact on China’s employment. Stabilizing employment is the government’s primary task in coping with the complex situation at home and abroad. In order to cope with the impact of Sino-US trade conflicts on China‘s employment, it is necessary to establish China’s institution of trade adjustment and assistance as soon as possible. At the same time, we should not only give play to China‘s leading role in building an open world economy, but also adopt a policy including fiscal policies, financial policies, trade policies, education policies, regional policies and labor market policies.
 
JEL:E24, F16, J21

【KeyWords】
Internationalization of Labor Force, Trade and Employment, Trade and Wage, Labor Market Policies