In the last decade, the cost of labor in China has grown significantly, whereas for a long time, China's exports have been based on cost advantage...To make matters even more complicated is the recent crisis in the West -- especially in Europe, where various markets are hit by a wave of deflation and consumption decreases. What are the implications for a "producer country" like China to move past this impasse of export-stagnation?
More broadly, the ambition of the country is not just to have a production line - it's also to generate opportunities for the people. Does China have a good-timing chance to challenge the status quo and achieve much more significance beyond being a global manufacturing hub?
Today we invite Mark Esposito and Terence Tse, two distinguished academics who have conducted quite extensive research and empirical studies in labor economics, innovation, and system-thinking towards business management, to discuss about these issues.
Professor Mark Esposito is a faculty member at the Harvard University Extension School, and an associate professor of business and economics at Grenoble Graduate School of Business in France. He is the founder of the Lab-Center for Competitiveness and has worked with governments, the UN, and the NATO over the past 10 years on economic development and sustainability issues.
Professor Terence Tse is an Associate Professor at the London campus of ESCP Europe Business School. He is also the Head of Competitive Studies at i7 Institute for Innovation and Competitiveness academic think-tank at ESCP Europe.
