Economic Growth Income Distribution And Poverty Reduction In Contemporary China
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Author | : Shujie Yao |
Publisher | : Routledge |
Total Pages | : 300 |
Release | : 2004-11-10 |
Genre | : Business & Economics |
ISBN | : 1134321414 |
Yao reviews the economic development history of contemporary China from 1949 up to today, paying special attention to the interface among growth, inequality and poverty reduction.
Author | : Ms.Sonali Jain-Chandra |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2018-06-05 |
Genre | : Business & Economics |
ISBN | : 1484357531 |
China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.
Author | : Shujie Yao |
Publisher | : Routledge |
Total Pages | : 439 |
Release | : 2004-11-10 |
Genre | : Business & Economics |
ISBN | : 1134321406 |
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.
Author | : Norman Loayza |
Publisher | : World Bank Publications |
Total Pages | : 38 |
Release | : 2006 |
Genre | : Developing countries |
ISBN | : |
This paper contributes to explain the cross-country heterogeneity of the poverty response to changes in economic growth. It does so by focusing on the structure of output growth. The paper presents a two-sector theoretical model that clarifies the mechanism through which the sectoral composition of growth and associated labor intensity can affect workers' wages and, thus, poverty alleviation. Then in presents cross-country empirical evidence that analyzes first, the differential poverty-reducing impact of sectoral growth at various levels of disaggregation, and the role of unskilled labor intensity in such differential impact. The paper finds evidence that not only the size of economic growth but also its composition matters for poverty alleviation, with the largest contributuons from labor-intensive sectors (such as agriculture, construction, and manufacturing). The results are robust to the influence of outliers, alternative explanations, and various poverty measures.
Author | : Ms. Valerie Cerra |
Publisher | : International Monetary Fund |
Total Pages | : 54 |
Release | : 2021-03-12 |
Genre | : Business & Economics |
ISBN | : 1513572660 |
Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Author | : Ann Harrison |
Publisher | : University of Chicago Press |
Total Pages | : 674 |
Release | : 2007-11-01 |
Genre | : Business & Economics |
ISBN | : 0226318001 |
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 178 |
Release | : 2010-06-16 |
Genre | : |
ISBN | : 926408472X |
Shifting Wealth examines the changing dynamics of the global economy over the last 20 years, and in particular the impact of the economic rise of large developing countries, such as China and India, on the poor.
Author | : Shenggen Fan |
Publisher | : Intl Food Policy Res Inst |
Total Pages | : 90 |
Release | : 2002-01-01 |
Genre | : Business & Economics |
ISBN | : 0896291286 |
Growth, inequality, and poverty; Public capital e investment; Concptual framework and model; Data, estimation, and results.
Author | : Ms.Era Dabla-Norris |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2015-06-15 |
Genre | : Business & Economics |
ISBN | : 1513547437 |
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Author | : Shi Li |
Publisher | : Cambridge University Press |
Total Pages | : 531 |
Release | : 2013-10-31 |
Genre | : Business & Economics |
ISBN | : 1107002915 |
This book examines the evolution of economic inequality in China from 2002 to 2007; a sequel to Inequality and Public Policy in China (2008).