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Despite its unprecedented growth in output per capita in the last two decades, China has essentially followed the life … fourfold improvement in the level of per capita consumption that has occurred. As in the European countries, in China the trend … in China has fallen chiefly on the lowest socioeconomic groups. An initially highly egalitarian distribution of life …
Persistent link: https://www.econbiz.de/10010814474
striking contradiction is China where, despite a fourfold multiplication in two decades in real GDP per capita from a low …
Persistent link: https://www.econbiz.de/10010660253
If society's goal is to increase people's feelings of well-being, economic growth in itself will not do the job. Full employment and a generous and comprehensive social safety net do increase happiness. Such policies are arguably affordable not only in higher income nations but also in countries...
Persistent link: https://www.econbiz.de/10010627841