Recent development in China's labour market : China Update 1998
Since the economic reform initiated in 1978, state enterprise reform has been a difficult task for policymakers. The enterprise reforms introduced in the early 1980s were aimed at providing managers of SOEs with more autonomy in the decision making process. However, as SOEs still operated under soft budget constraints the increase in decision-making power encouraged SOE managers to pursue the maximisation of income and benefit per employee rather than profit maximisation. <p> This paper...[Show more]
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