Globalization, Liberalization and Income Inequality: The Case of China
Published By: The Singapore Economic Review | Published Date: February, 11 , 2014This 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, it found that the economic reform and opening-up policy promoted China’s rapid growth while inducing an expansion in income disparity. It 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.
Author(s): Jinjun Xue, Chuliang Luo, Shi Li | Posted on: Sep 03, 2015 | Views()