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- Publisher
- World Scientific Publishing Company
- Copyright
- Copyright ©
- Subject
- Special Issue on Income Distribution & Inequality; Guest Editor: Yuko Arayama, Nagoya University
- ISSN
- 0217-5908
- eISSN
- 1793-6837
- DOI
- 10.1142/S0217590814500027
- Publisher site
- See Article on Publisher Site
Abstract
This paper studies the mutual effects of globalization, liberalization and income inequality using a case study of China. Comparing the trends of economic growth and income distribution, we found that the economic reform and opening-up policy promoted China's rapid growth while inducing an expansion in income disparity. We also found that the income gap had been a force driving China's high growth in its earlier transition period but began to be an obstacle as the Chinese economy became more globalized and liberalized. To enhance future economic development, China must reduce this inequality.
Journal
The Singapore Economic Review – World Scientific Publishing Company
Published: Mar 1, 2014
Keywords: Income distribution Gini coefficient China good inequality and bad inequality Chinese Household Income Project (CHIP) JEL Classification: C30 JEL Classification: I24 JEL Classification: I28 JEL Classification: J31 JEL Classification: O15 JEL Classification: R23