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Sunday, December 20, 2015

'The Ambivalent Role of China in Global Income Distribution'

Branko Milanovic:

The ambivalent role of China in global income distribution: It is well known that China’s role in reductions of global poverty and global inequality was crucial. For example, according to Chen and Ravallion, between 1981 and 2005, 98 percent (yes, ninety-eight percent) of reduction of global poverty, calculated using the poverty line $1 per person per day, was due to China. China’s role was similarly impressive when it comes to  reduction of global inequality (income inequality between all individuals in the world). ....      
But the question can be asked next, what happens if China continues growing fast? Will its inequality reducing effects wane, and eventually reverse? ...

    Posted by on Sunday, December 20, 2015 at 12:03 AM in China, Economics, Income Distribution | Permalink  Comments (15)


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