Global Inequality, Rising Powers, and Labour Standards

Dev Nathan and Sandip Sarkar

Oxford Development Studies, 2014, vol. 42, issue 2, 278-295

Abstract: The paper analyses growing inequality in the rising powers, concentrating on the situation in China and India. It describes the various processes that are currently underway to reduce inequality in these economies. These processes include a combination of tightening the labour market, as best seen in China, increasing rural productivity and implementing government measures to boost basic rural incomes in all such countries. Reductions in inequality in the emerging economies have a global macro-economic effect of increasing consumption, thus counteracting the current global slowdown. They also have the benefit of creating more space at the bottom for poorer economies to take up more of the world's low-skill production, as the emerging economies themselves move up to higher skill production and exports. This sequential upgrading is being driven by the growth of emerging economy markets and by wage increases in these economies.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13600818.2013.856397 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:oxdevs:v:42:y:2014:i:2:p:278-295

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CODS20

DOI: 10.1080/13600818.2013.856397

Access Statistics for this article

Oxford Development Studies is currently edited by Jo Boyce and Frances Stewart

More articles in Oxford Development Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().