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Inequality and Growth in Modern China by Guanghua Wan Pdf
This volume provides comprehensive, up to date coverage of inequality and poverty issues in China. Going beyond standard data sources and using state-of-art research techniques, this volume substantiates a number of findings and conclusions and ensures policy recommendations are reliable and robust.
Economic Growth, Income Distribution and Poverty Reduction in Contemporary China by Shujie Yao Pdf
China has experienced over a quarter century of rapid economic growth, which has had a phenomenal impact on the global economy. Entering into the twenty-first century implies that China has begun a new phase of economic and social development. Yao reviews the economic development history of contemporary China from 1949 to the present, paying special attention to growth, inequality and poverty reduction. A real Chinese economic miracle should have two important features: high income growth and a fair distribution system so that poverty can be eradicated.
Market Development in China by Belton M. Fleisher,Haizheng Li,Shunfeng Song Pdf
Presents the analysis of specialists on causes, benefits and problems resulting from China's transition to a market economy. This book deals with several facets of China's economic growth and its rising income inequality. It provides evidence on China's social and economic inequalities and their causes.
This book provides a comprehensive and balanced view of the main transformations that are happening in the Chinese economy today. This view has developed from more than 200 interviews and numerous surveys (based on primary data), in addition to mainstream literature by academia and consultancy companies.The general view of China is often either black or white. Global markets are generally guided by euphoria or fear. Academia are optimistic or pessimistic about China's longer-term growth potential. People believe or distrust Chinese data. These black and white pictures are, in many cases, easy to communicate (and even proved by anecdotic evidence), but are not correct.Modern China is not the result of tradeoffs but ambiguities: market-driven AND government-driven, central government AND local government control, increasing brand loyalty AND extreme price sensitivity, fall of consumption as percentage of GDP AND strong increase in consumption, export as an important driver behind longer-term development AND yet hardly visible as a determinant of today's economic growth.The aim of this book is to help readers understand the often conflicting nature of China, not only from an economic point of view, but also from political and social point of view. In this sense, it tries to give the reader an eclectic picture of China — the country of contradictions.That is a difficult task because of the linkages between reforms and the fact that there are many preconceived ideas of China, its development and choices. It is interesting to note that the further from China people are, the more negative their views towards China. This book will make clear that this pessimism is overdone. In the longer term, the author is quite positive about China's transformations, believing that the rise of China is here to stay and that this is the major factor of change of this century. remove
Inequality and Growth in Modern China by Guanghua Wan Pdf
This volume provides comprehensive updated coverage of inequality and poverty issues in China. Some of the methodologies developed herein are published for the first time and may be used in other contexts and for other countries. The use of different data sources and state-of-art research techniques ensures that the findings and conclusions can be substantiated and that the policy recommendations are reliable and robust. Contributors to this volume are renowned experts in their respective areas, including, notably, Justin Lin, Xing Meng, Kai-yuen Tsui, and Guanghua Wan. For these reasons, those with an interest in income distribution in general and China's development in particular, will find this volume essential reading. Rapidly rising inequality in China has contributed to the sluggishness of domestic demand and emerging poverty. It has thus exerted considerable pressure for commodity exports and represents a root cause of increased trade disputes. These have profound ramifications for the US, EU, and other economies, and the international business community. Consequently, economists and sociologists, among others, are increasingly focused upon inequality and poverty issues in China and relevant policy implications. This volume, arising from a two-year UNU-WIDER project, addresses issues that include the inequality-growth relationship, regional/personal variation in incomes and human well-being such as education, the determinants of inequality and poverty or their changes, gaps in innovation capability, and the role played by China's development strategies in affecting inequality.
A New Economic Growth Engine for China by Wing Thye Woo Pdf
This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.
Economic Growth and Income Inequality in China, India and Singapore by Pundarik Mukhopadhaya,G Shantakumar,Bhanoji Rao Pdf
The world at large is watching both China and India as powerhouses of economic growth. The two nations have achieved significantly high rates of economic growth ever since their respective economies liberalized in 1978 and 1991. Singapore, despite its limited land size and almost total dependence on external trade, has performed remarkably well and has moved ‘from the third world to the first’. This book documents and explains the rapid economic growth of the three key Asian economies. The book also looks at what has happened to income inequality in the context of superior growth performance. It makes comparative assessments and examines the implications for the three nations. Since free markets have nothing in them to produce a reduction in income inequality among persons/households, one must at best hope for equality of opportunity – notably reflected in identical schooling for all; identical health care for all; and minimal rather than vulgar inequality in housing. This book is particularly useful for both China and India which may wish to study and learn from Singapore in regard to the policies, programmes and projects aimed at ensuring equality of opportunity. The book is backed by considerable expertise on the part of the researchers, with demonstrated expertise through their publications spawning a few decades. It is invaluable to those who are concerned with designing policies for developing countries aimed at rapid and inclusive economic growth. This book has been made possible by the intellectual and financial support extended by the Global Asia Institute, National University of Singapore.
Changing Trends in China's Inequality by Terry Sicular,Shi Li,Ximing Yue,Hiroshi Sato Pdf
Over the past quarter-century China has seen a dramatic increase in income inequality, prompting a shift in China's development strategy and the adoption of an array of new policies to redistribute income, promote shared growth, and establish a social safety net. Drawing on of household-level data from the China Household Income Project, Changing Trends in China's Inequality provides an independent, comprehensive, and empirically grounded study of the evolution of incomes and inequality in China over time. Edited by leading experts on the Chinese economy, the volume analyzes this evolution in China as a whole as well as in the urban and rural sectors, with close attention to measurement issues and to shifts in the economy, institutions, and public policy. Specific essays provides analyses of China's wealth inequality, the emergence of a new middle class, the income gap between the Han majority and the ethnic minorities, the gender wage gap, and the impacts of government policies such as social welfare programs and the minimum wage.
Regional Inequality in China by Shenggen Fan,S. M. Ravi Kanbur,Xiaobo Zhang Pdf
China’s spectacular growth and poverty reduction has been accompanied by growing inequality which threatens the social compact and thus the political basis for economic growth. Chinese policy makers have realized the importance of the problem and have launched a series of investigations and policy initiatives to address the issues. The regional dimension of inequality—rural/urban and inland/coastal—dominates in a country as large as China, and especially with its particular history. Not surprisingly, regional inequality has come to loom large in the policy debate in China. The policy debate has been informed by, and to some extent instigated by, a parallel analytical literature which has quantified the magnitude of the problem and identified recent trends, offered explanations based on rigorous analysis, and proposed policy interventions in light of the facts and understanding. Through a series of articles which have been published in leading journals, the editors have been involved in a systematic investigation into the nature and evolution of regional inequality in China for over a decade.
Income Inequality in China. Development and Underlying Drivers by Christian Wagner Pdf
Thesis (M.A.) from the year 2019 in the subject Business economics - Economic Policy, grade: 1,7, University of Bayreuth, language: English, abstract: This thesis aims to shed light to the various characteristics and sources of income inequality in China and thereby demonstrate their interrelations on economic growth using a literature review approach and by examining the impact of differences in the propensity to save among various Chinese income groups. In the course of this, China's current degree of income inequality is established, while identifying various forces and drivers behind these changes since the economic opening process initiated in 1978. Since adoption of the open-market policy reforms in 1978, China has experienced rapid economic growth. At the same time, its level of income inequality turned from one of the world's most equal to one of the most unequal. During long periods of time China was the country that experienced the fastest increase in income inequality. This bags the question whether income inequality is in fact the causal reason for economic growth or the necessary outcome of it. In the wake of this, income inequality in China has developed into several dimensions of inequality drivers ranging from an extensive urban-rural inequality, cross-regional inequality, inequality of education or wealth inequalities.
Economic Growth and Income Distribution in the Development of China’s Dual Economy by Wang Dihai Pdf
Since the start of the process of economic reform in 1978, China has maintained the structure of a dual economy, with concurrent development of the agricultural and industrial sectors. This book explores the key issues of China's economic growth and income distribution in this context. Pivoting on analysis of China's real GDP and growth rate, the first part of the book analyzes the evolution of economic growth and characteristics of economic structural changes across a period of forty years, scrutinizing the different determinants that contribute to growth. Then, chapters in the second part of the volume study the relationship between China's economic growth and economic development, elucidating the mechanism of interaction between the former and key factors of the latter, including investment, housing, education, and healthcare. The final chapters center on the development and current landscape of income distribution, providing explanation for sharpening income inequalities and advancing suggestions and feasible solutions to the problem of income gap. This book is targeted at scholars, students, and policymakers interested in China's economy, income distribution, and economic growth.
"A collection of essays that analyzes China's foremost social cleavage: the rural-urban gap. It examines the historical background of rural-urban relations; the size and trend in the income gap between rural and urban residents; aspects of inequality apart from income; and, experiences of discrimination, particularly among urban migrants." -- BOOK PUBLISHER WEBSITE.
Regional Inequality in China by Shenggen Fan,Ravi Kanbur,Xiaobo Zhang Pdf
As regional inequality looms large in the policy debate in China, this volume brings together a selection of papers from authors whose work has had real impact on policy, so that researchers and policy makers can have access to them in one place.
China: Surpassing the "Middle Income Trap" by Shaojie Zhou,Angang Hu Pdf
This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China's development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this "middle income trap". Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists. Shaojie Zhou received his Ph.D. degree in Economics from the Chinese University of Hong Kong in 2007. Currently, Zhou serves as the associate professor of School of Public Policy and Management, the deputy director of the Institute for International Development and Global Governance at the school and a research fellow at the Institute of Contemporary China Studies at Tsinghua University, China. His research interests include development research and policy, the Chinese economy, international development, and global governance. Angang Hu now serves as the Professor of the Institute of State and Global Governance, Dean of the Institute of Contemporary China Studies, at Tsinghua University, China. He was a member of the Advisory Committee for the Thirteenth, Twelfth and Eleventh Five-Year Plans under the National Development and Reform Commission.
China: Surpassing the “Middle Income Trap” by Shaojie Zhou,Angang Hu Pdf
This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.