GLOBALIZATION, LIBERALIZATION AND INCOME INEQUALITY: THE CASE OF CHINA

Jinjun Xue (), Chuliang Luo () and Shi Li ()
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Jinjun Xue: Graduate School of Economics, Nagoya University Furo-cho, Chikusa-ku, Nagoya 464-8601, Japan
Chuliang Luo: School of Economics and Business Administration, Beijing Normal University, China

The Singapore Economic Review (SER), 2014, vol. 59, issue 01, 1-21

Abstract: This 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, we found that the economic reform and opening-up policy promoted China's rapid growth while inducing an expansion in income disparity. We 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.

Keywords: Income distribution; Gini coefficient; China; good inequality and bad inequality; Chinese Household Income Project (CHIP); JEL Classification: C30; JEL Classification: I24; JEL Classification: I28; JEL Classification: J31; JEL Classification: O15; JEL Classification: R23 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (9)

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DOI: 10.1142/S0217590814500027

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