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China has departed from the East Asian development model by letting inequality rise to a high level, which is now …. If inequality persists, China may get caught in the ¡°inequality-trap,¡± which may then lead to the middle income trap … (MIT). Fortunately, China still has the levers to pull to reduce inequality and avoid the MIT. Measures along both the …
Persistent link: https://www.econbiz.de/10010929808
destruction" and even less so an MNC-led drive. -- Chinese industrial development ; labour productivity distributions ; catching …
Persistent link: https://www.econbiz.de/10009721461
Why are we rich and others poor? What is preventing the less-developed countries from catching up with the more developed? How did we become rich? Underlying these questions are more fundamental ones: What is the nature of economic progress? What are its causes? I seek the answers to these...
Persistent link: https://www.econbiz.de/10013135194
literature but shall have significant policy implications to China's regional economic development. Our results show that in … development of China's regions. It also indicates that China should adopt heterogeneous industrial policies across regions …
Persistent link: https://www.econbiz.de/10013051228
China has been growing at high rates during the previous three decades. The current process of rebalancing from an investment- and manufacturing-led growth model towards a consumption- and service-led model is associated with decreasing growth rates. We show that China's current state of...
Persistent link: https://www.econbiz.de/10012205767
growth patterns identified in economic development and trade theories (structural change, catching up, and factor price …
Persistent link: https://www.econbiz.de/10014063864
This paper provides an overview of the evolution of income inequality in China from 1987 to 2002, employing three … series of data sets. Our focus is on both urban and rural inequality, as well as the urban-rural gap, with the objective of … summarizing several “first-order” empirical patterns concerning the trajectory of inequality through the reform period. We …
Persistent link: https://www.econbiz.de/10005827274
China’s initial movement toward reversing the widespread income inequality. …
Persistent link: https://www.econbiz.de/10009276069
, opportunities as well as development finances in Africa's transformation. We review critical parts of China's transformation to see …, China's industrial upgrading and outward investments provide opportunities for light manufacturing development in low … development financing from various sources. …
Persistent link: https://www.econbiz.de/10010343215
China has been growing at high rates during the previous three decades. The current process of rebalancing from an investment- and manufacturing-led growth model towards a consumption- and service-led model is associated with decreasing growth rates. We show that China's current state of...
Persistent link: https://www.econbiz.de/10012196397