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Inequality and Growth in Modern China
Guanghua Wan
240 pages
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numerous tables and figures
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234x156mm
978-0-19-953519-4
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Hardback
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03 April 2008
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- Comprehensive coverage of topics relating to inequality and poverty in China
- Utilizes alternative data sets to produce roboust and reliable policy recommendations
- Discusses the impact of increasing inequality in China on the global economy, and specifically the US and EU
This volume provides comprehensive updated coverage of inequality and poverty issues in China. Some of the methodologies developed herein are published for the first time and may be used in other contexts and for other countries. The use of different data sources and state-of-art research techniques ensures that the findings and conclusions can be substantiated and that the policy recommendations are reliable and robust. Contributors to this volume are renowned experts in their respective areas, including, notably, Justin Lin, Xing Meng, Kai-yuen Tsui, and Guanghua Wan. For these reasons, those with an
interest in income distribution in general and China's development in particular, will find this volume essential reading.
Rapidly rising inequality in China has contributed to the sluggishness of domestic demand and emerging poverty. It has thus exerted considerable pressure for commodity exports and represents a root cause of increased trade disputes. These have profound ramifications for the US, EU, and other economies, and the international business community. Consequently, economists and sociologists, among others, are increasingly focused upon inequality and poverty issues in China and relevant policy implications.
This volume, arising from a two-year UNU-WIDER project, addresses issues that include the inequality-growth relationship,
regional/personal variation in incomes and human well-being such as education, the determinants of inequality and poverty or their changes, gaps in innovation capability, and the role played by China's development strategies in affecting inequality.Readership: Researchers and students of the Chinese economy, Chinese society, and China's development in general; Researchers and students of income distribution; and those with a more general interest in development studies and development economics.
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Guanghua Wan, Senior Research Fellow, UNU-WIDER Contributors:
Patricio Aroca, Professor and Head of IDEAR at Universidad Católica del Norte, Antofagasta, Chile
Zhao Chen, Professor of Economics at China Centre for Economic Studies (CCES), Fudan University, China
Peilei Fan, Assistant Professor at the Urban and Regional Planning Program, Michigan State University
Dong Guo, Université de Bourgogne, Dijon, France
Geoffrey J. D. Hewings, Director of REAL
Min-Dong Paul Lee, Assistant Professor of Management at the University of South Florida
Zhicheng Liang, Université d'Auvergne,
France
Justin Yifu Lin, Professor and the founding Director of the China Centre for Economic Research, Peking University, China
Peilin Liu, Associate Research Fellow of Department of Development Strategy and Regional Economy, Development Research Centre of the State Council, China
Ming Lu, Associate Professor of Economics at Fudan University, China
Anthony Shorrocks
Kai-yuen Tsui, Professor of Economics at the Chinese University of Hong Kong
Guanghua Wan, Senior Research Fellow and Project Director at the World Institute for Development Economics Research (UNU-WIDER)
Xiaolu Wang, Deputy Director and Senior Fellow of National Economic Research Institute, China Reform Foundation
Yin Zhang, Lecturer in
Economics at the School of Social Sciences, University of Dundee
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"Over the past three decades, China has made huge strides in its battle against poverty as it has transformed into one of the most dynamic economies in the world. It will be harder for China to maintain its past rate of progress against poverty without addressing the problem of rising inequality. The book Inequality and Growth in Modern China provides a useful overall assessment about inequality in China, focus on inequality in view of the growing concerns with rising inequality, the cause and impacts of rising inequality, and its relation to overall growth and poverty reduction. It will not only help policy makers understand the inequality in China but also be a useful pedagogical tool for Chinese and other researchers." - Shaohua Chen, Senior
Statistician, Development Research Group, the World Bank
"The chapters contained in this volume offer a comprehensive view of modern China's experience with the triangle of growth, inequality, and poverty. They collectively provide valuable insights for other developing countries in the pursuit of inclusive growth strategies." - Xianbin Yao, Director General, Regional and Sustainable Development Department, Asian Development Bank
"Inequality in income and wealth, what causes it and how it affects the rest of economy, has become one of the key topics both in the economics literature and the popular press. This is because the last quarter century has witnessed a veritable exposition of inequality in almost all parts of the world. And perhaps nowhere has this exposition been as large as in China. Its impact there was 'softened' by remarkable economic growth. Yet as regional and class fissures, reminiscent of a long-gone era, reappear, the relationship between inequality and growth is rapidly becoming one of the top political issues in China. This book addresses different facets of China's inequality-growth relationship, and will be a useful reading for China specialists as well as for those interested in inequality
and growth as such since China is the largest 'laboratory' where they can observe it." - Branko Milanovic, Lead Economist, World Bank Research Department
"This volume of high quality research resulting from UNU-WIDER provides an essential reference for scholars and students worldwide in their research and studies on growth and income inequality in modern China. The editor, Dr Guanghua Wan, is one of the world's most productive and authoritative experts on the Chinese economy." - Shujie Yao, Professor of Economics and Chinese Sustainable Development, and Head of the School of Contemporary Chinese Studies, University of Nottingham and Special Chair Professor of Economics, Xi'an Jiaotong University
"The papers collected in this book come from leading scholars studying China's inequality issues. It is a timely book. Rising inequality in China is well known; less well known are the linkages between various aspects of China's economic growth strategy and inequality. This book offers fresh perspectives as well as solid evidence for a better understanding of these linkages. It is a valuable reference for scholars concerned with the relationship between economic growth and inequality as well as for students on China." - Yang Yao, Deputy Director, China Center for Economic Research, Peking University
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Anthony Shorrocks: Foreword
Guanghua Wan: Introduction
1: Guanghua Wan, Ming Lu, and Zhao Chen: The inequality-growth nexus in the short and long run: empirical evidence from China
2: Xiaolu Wang: Income inequality in China and its influencing factors
3: Yin Zhang and Guanghua Wan: Poverty reduction in China: trends and causes
4: Justin Yifu Lin and Peilin Liu: Development strategies and regional income disparities in China
5: Kai-yuen Tsui: Forces shaping China's interprovincial inequality
6: Zhicheng Liang: Financial Development, Growth and Regional Disparity in Post-Reform China
7: Patricio Aroca, Dong Guo, and Geoffrey J. D. Hewings: Spatial convergence in China: 1952-99
8: Peilei Fan and Guanghua Wan: China's regional inequality in innovation capability, 1995-2004
9: Min-Dong Paul Lee: Widening gap of educational opportunity? A longitudinal study of educational inequality in China
10: Guanghua Wan: Poverty accounting by factor components: With an empirical illustration using Chinese data
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