Faculty News

In an op-ed, Professor Joseph Foudy explains why the end of China's one-child policy won't have much economic impact

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Excerpt from CNBC -- "The one-child policy created several unintended consequences that have been distorting the Chinese economy. For example, China's limited social safety net meant that young Chinese face a lifetime of savings to care for themselves, their parents and their grandparents. And a Confucian preference for male offspring has led to a huge gender imbalance and a marriage market in which men and their families are in a financial savings arms race to attract a smaller potential pool of wives. As a consequence, China has one of the highest savings rates in the world, creating a massive over-investment headache."

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Additional coverage appeared on Yahoo! Finance.