Inequality in China – Trends, Drivers and Policy Remedies

Inequality in China – Trends, Drivers and Policy Remedies PDF Author: Ms.Sonali Jain-Chandra
Publisher: International Monetary Fund
ISBN: 1484360958
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
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.

Inequality in China – Trends, Drivers and Policy Remedies

Inequality in China – Trends, Drivers and Policy Remedies PDF Author: Ms.Sonali Jain-Chandra
Publisher: International Monetary Fund
ISBN: 1484360958
Category : Business & Economics
Languages : en
Pages : 31

Get Book Here

Book Description
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.

Gender pay gap and inequality in China: Evolution and Challenges for equality

Gender pay gap and inequality in China: Evolution and Challenges for equality PDF Author: Sun Xinbo
Publisher: Ediciones de la Universidad de Castilla La Mancha
ISBN: 8490445869
Category : Social Science
Languages : en
Pages : 128

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Book Description
Attention to gender equality is an important issue in the UN 2030 Sustainable Development Goals. This book analyses the wage inequality and the gender pay gap in China from a temporal and spatial point of view, using the wage surveys available from 1995 to the present. Due to their rapid growth since the country's entry into a free market economy, the analysis carried out in this book seems crucial. Our study highlights that China is currently facing serious problems of gender pay discrimination. It also finds that the earnings of coastal provinces are much higher than those of interior provinces. In terms of wage inequality, figures in China are currently high. The spatial analysis of wages distribution shows that there are very different realities throughout the Chinese geography.

Causes and Consequences of Income Inequality

Causes and Consequences of Income Inequality PDF Author: Ms.Era Dabla-Norris
Publisher: International Monetary Fund
ISBN: 1513547437
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
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.

Inequality in Asia and the Pacific

Inequality in Asia and the Pacific PDF Author: Ravi Kanbur
Publisher: Routledge
ISBN: 1134670206
Category : Business & Economics
Languages : en
Pages : 437

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Book Description
Asia’s rapid economic growth has led to a significant reduction in extreme poverty, but accompanied by rising inequality. This book deals with three questions: What have been the trends of inequality in Asia and the Pacific? What are the key drivers of rising inequality in the region? How should Asian countries respond to the rising inequality? Technological change, globalization, and market-oriented reform have been the key drivers of Asia’s remarkable growth and poverty reduction, but they have also had significant distribution consequences. These three drivers of growth cannot be hindered because they are the sources of productivity improvement and betterment of quality of life. This book will be useful to those interested in policy options that could be deployed by Asian countries in confronting rising inequality.

People's Republic of China

People's Republic of China PDF Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1484314743
Category : Business & Economics
Languages : en
Pages : 77

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Book Description
This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

COVID-19 and Foreign Aid

COVID-19 and Foreign Aid PDF Author: Viktor Jakupec
Publisher: Taylor & Francis
ISBN: 1000787419
Category : Political Science
Languages : en
Pages : 361

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Book Description
This book provides a timely, critical, and thought-provoking analysis of the implications of the disruption of COVID-19 to the foreign aid and development system, and the extent to which the system is retaining a level of relevance, legitimacy, or coherence. Drawing on the expertise of key scholars from around the world in the fields of international development, political science, socioeconomics, history, and international relations, the book explores the impact of the COVID-19 pandemic on development aid within an environment of shifting national and regional priorities and interactions. The response is specifically focused on the interrelated themes of political analysis and soft power, the legitimation crisis, poverty, inequality, foreign aid, and the disruption and re-making of the world order. The book argues that complex and multidirectional linkages between politics, economics, society, and the environment are driving changes in the extant development aid system. COVID-19 and Foreign Aid provides a range of critical reflections to shifts in the world order, the rise of nationalism, the strange non-death of neoliberalism, shifts in globalisation, and the evolving impact of COVID as a cross-cutting crisis in the development aid system. This book will be of interest to researchers and students in the field of health and development studies, decision-makers at government level as well as to those working in or consulting to international aid institutions, regional and bilateral aid agencies, and non-governmental organisations.

Social Inequality In China

Social Inequality In China PDF Author: Yaojun Li
Publisher: World Scientific
ISBN: 180061215X
Category : Social Science
Languages : en
Pages : 684

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Book Description
This book provides a comprehensive analysis of the patterns and trends of socio-economic development and social division in contemporary Chinese society. It discusses the determinants, manifestations and consequences of social inequality in the last 40 years with particular regard to social mobility, educational attainment, social capital, health, labor market position, including employment (opportunity), career advancement and earnings, housing, wealth and assets, urbanization, social integration of migrant peasant workers into urban life, social protest and civic engagement, subjective well-being and subjective social status.

Reinventing the Chinese City

Reinventing the Chinese City PDF Author: Richard Hu
Publisher: Columbia University Press
ISBN: 0231558694
Category : Political Science
Languages : en
Pages : 250

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Book Description
Since the late 1970s, China has undergone perhaps the most sweeping process of urbanization ever witnessed. This is typically understood as a story of growth, encompassing rapid development and economic dynamism alongside environmental degradation and social dislocation. However, over the past decade, China’s leaders have claimed that the country’s urbanization has entered a new stage that prioritizes “quality.” What does China’s new urban vision entail, and what does the future hold in store? Richard Hu unpacks recent trends in urban planning and development to explore the making and imagining of the contemporary Chinese city. He focuses on three key concepts—the “green revolution,” “smart city movement,” and “great innovation leap forward”—that have become increasingly influential. Through case studies of Beijing, Hangzhou, and Hefei, Hu analyzes how attempts to achieve greater sustainability, promote data-driven governance, and foster innovation have fared on the ground. He also considers the experimental city Xiong’an in terms of China’s idealized vision of the urban future and investigates how the recent experiences of Hong Kong relate to regional and national development projects. Reinventing the Chinese City provides a careful accounting of the ideas that have dominated urban policy in China since 2010, emphasizing key continuities underlying claims of novelty. Shedding light on the transformations of the Chinese city, this book offers a new perspective on the factors that will shape the trajectory of urbanization in the coming decades.

Health in a Post-COVID World

Health in a Post-COVID World PDF Author: Sebastian Taylor
Publisher: Policy Press
ISBN: 144736838X
Category : Social Science
Languages : en
Pages : 372

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Book Description
What part do the values of growth and prosperity, freedom and justice, security and democracy play in social policy and human welfare? How can we judge the validity of these – the founding principles of Western liberalism – and the policies they shape, as the recipe for progress? At a time of global ‘permacrisis’, Sebastian Taylor applies his extensive frontline experience working with health systems and healthcare in the Global North and South to assess the concrete impact of contemporary liberal values on our welfare, development and environmental survival. Drawing on research from around the world, he uses health as an objective metric to assess how effective these policies are for individuals and society as a whole.

Constitutional Change in the Contemporary Socialist World

Constitutional Change in the Contemporary Socialist World PDF Author: Ngoc Son Bui
Publisher: Oxford University Press
ISBN: 0192592025
Category : Law
Languages : en
Pages : 385

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Book Description
After the collapse of the Soviet bloc, there are only five socialist or communist countries left in the world – China, Cuba, Laos, North Korea, and Vietnam – which constitute about one-quarter of the world’s population. Yet, there is little scholarship on their constitutions. These countries have seen varying socioeconomic changes in the decades since 1991, which have led in turn to constitutional changes. This book will investigate, from a comparative and interdisciplinary perspective, how and why the constitutional systems in these five countries have changed in the last three decades. The book then breaks the constitutional changes down into four questions: what are the substantive contents of constitutional change, what are the functions, what are the mechanisms, and what are the driving forces? These questions form a framework to process the changes the five countries have gone through, such as making new constitutions, amending current ones, introducing more rights, allowing citizens to engage in changes, enacting legislation, and defining the constitutional authority of the three state branches and their relationship with the Communist Party. While all five countries have adapted their constitutional systems, the degree, mechanisms, and influential factors are not identical and present considerable variations. This book examines and explores these differences and how they developed. Constitutional Change in the Contemporary Socialist World offers a comprehensive and holistic view of an understudied and overlooked area of constitutional law, essential for anyone studying or working in law, politics, or policy.