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image at the right. It illustrates wage growth in China relative to the US and Mexico from 2001 to 2014. Explain the notion of surplus
image at the right. It illustrates wage growth in China relative to the US and Mexico from 2001 to 2014. Explain the notion of "surplus labour" and how its end impacts the drive to technological change in China. The push to technological change in Asia can be directly related to the desire for "upgrading" to higher value stages of production in global value chains. Discuss this argument in relation to China
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