Growth with Equity in East Asia?

Jomo K.S.

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: Rapid growth and structural change have reduced poverty in East Asian economies. Income inequality has been low in Korea and Taiwan, but has risen in recent years with economic liberalization. In the Southeast Asian economies of Thailand, Malaysia and Indonesia, poverty has declined, while income inequality trends have varied, rising most clearly in Thailand. With its strengthened (private) property rights, market liberalization and sustained rapid growth, China has also experienced increased inequality despite considerable poverty reduction. Hence, the common claim of egalitarian growth in East Asia may have been exaggerated, especially since the 1990s.

Keywords: East Asia; China; Indonesia; Malaysia; Korea; Taiwan; Thailand; inequality; poverty (search for similar items in EconPapers)
JEL-codes: D31 D63 F02 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2006-09
New Economics Papers: this item is included in nep-cna, nep-sea and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:33

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