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At present, the keystone for integration of the world’s economy is the liberalization of commodities, services, investment and finance. While it reinforces the global mobility of high-technology staff, it does not actually lead to the cross border flow of general labor, especially low-skill labor in the developing countries. This may create a problem for the developing countries, that is, how to combine international capital, which is expanding incessantly and has strong mobility, with the international labor, which is great in quantity and weak in mobility. China’s accession to WTO in 2001 is an important milestone of China’s reform and opening up. This means that China
At present, the keystone for integration of the world’s economy is the liberalization of commodities, services, investment and finance. While it reinforces the global mobility of high-technology staff, it does not actually lead to the cross border flow of general labor, especially This may create a problem for the developing countries. that is, how to combine international capital, which is expanding incessantly and has strong mobility, with the international labor, which is great in quantity and weak in. mobility. China’s accession to WTO in 2001 is an important milestone of China’s reform and opening up. This means that China