GROWTH AND EQUITY IN CHINA: PATTERN, CAUSES AND CHALLENGES

Minquan Liu ()
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Minquan Liu: Asia Development Bank Institute, Japan

Journal of International Commerce, Economics and Policy (JICEP), 2012, vol. 03, issue 03, 1-22

Abstract: Many factors have shaped the current pattern of growth and equity in the People's Republic of China (PRC). Among them are the foundations laid before 1978, especially in respect of land-related institutions and social sector investments. These successfully complemented the PRC's subsequent export and FDI promotion strategies. In the forthcoming decades, it will be important for the PRC to expand its domestic demand, improve on income distribution, and increase social sector investments. Greater social protections, higher wages and increased public spending on education can all help the PRC to meet these challenges to ensure sustained economic growth and development.

Keywords: China; economic growth; income distribution; pre-1978 origins; social protections; human capital accumulation; O150; O530; F140; N350 (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1142/S1793993312500172

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