What's A Peasant To Do? Village Becoming Town In Southern China

What's A Peasant To Do? Village Becoming Town In Southern China
Author: Greg Guldin
Publisher: Routledge
Total Pages: 267
Release: 2018-05-04
Genre: Political Science
ISBN: 0429982720

Since China entered the post-Mao "Reform Era" in the late 1970s and early 1980s, the Chinese economy has taken off as few economies ever have. Labor migration, rural enterprises, rising production, and globalization have all combined to end the isolation of the Chinese countryside. Yet although China's unsurpassed economic boom has produced reams of impressive statistics, has this economic growth led to improving the livelihood of the average Chinese person? Has development accompanied economic growth? Has the promise of "opening to the outside" been fulfilled in providing a better life for China's 1.2 billion-plus people? In this book, which is based on field work, Guldin presents and explores some of the changes sweeping through China in the 1990s that are affecting hundreds of millions of people. Guldin looks at the growth of town and village enterprises, labor mobility, and the other aspects of rural urbanization to investigate the connection between economic growth and development in contemporary China. The political changes at the village level, the swelling flows of capital, data, goods, and people, new ways of thinking and behaving, and a significant surge in social inequalities are all topis for chapter discussions. Guldin invites readers to face the same question that former Chinese peasants must face, namely, how to respond, as their villages are transformed forever.

Income Uncertainty and Household Savings in China

Income Uncertainty and Household Savings in China
Author: Mr.Marcos Chamon
Publisher: International Monetary Fund
Total Pages: 36
Release: 2010-12-01
Genre: Business & Economics
ISBN: 1455211702

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent with a decline in the pension replacement ratio for those retiring after 1997. We conclude that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid-1990s as well as the U-shaped age-profile of savings.

Reducing Inequality for Shared Growth in China

Reducing Inequality for Shared Growth in China
Author: The World Bank
Publisher: World Bank Publications
Total Pages: 396
Release: 2010-12-07
Genre: Business & Economics
ISBN: 0821385011

Guangdong, a province of over 93 million residents, is located on the southern coast of China, boarding with Hong Kong, China. As China s powerhouse for economic growth and a pioneer of reform and opening up, Guangdong has maintained an annual average GDP growth rate of 13.7 percent over the past three decades. Its historical achievements notwithstanding, Guangdong witnessed increased inequality and regional disparity. To assist the authority in developing a strategy for the new phase of reforms that promotes more inclusive and sustainable growth, Reducing Inequality for Shared Growth in Guangdong Province recommends a three-pillar approach: eliminating absolute poverty, reducing inequality in opportunities, and containing inequality in outcomes. The book also proposes a range of policy actions in these three broad areas. First, to further develop the social assistance program (i.e. the minimum living allowance program ) to address the issue of absolute poverty; Second, to improve income opportunities of the rural poor by better facilitating rural labor migration to non-farming jobs and urban labor markets, deepening rural finance reform, and providing better protection of their rights over land. Third, to invest in people through more equitable access to and financing of social services such as basic education, skills development, and health care. Further reform of the intergovernmental fiscal system is essential to the success of these efforts. This report will be of interest to central and sub-national policy makers, policy implementing agencies, researchers, development partners, and others working on economic and social development in China and in other countries. Guangdong s experience will offer great value to the rest of China and to other countries that are grappling with similar development challenges.