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Understanding the Pattern of Growth and Equity in the People’s Republic of China

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  • Liu, Minquan

    (Asian Development Bank Institute)

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    Abstract

    There are likely to be many factors which have together shaped the current pattern of growth and equity in the People’s Republic of China (PRC). Among them are the foundations laid in the pre-1978 era, especially in respect of land-related institutional reforms and social sector investments. These factors successfully complemented the subsequent export and foreign direct investment FDI promotion strategies the PRC followed in the post-1978 years. However, given the large size of the PRC, while these strategies have helped to kick-start its economic take-off, the long-run growth of the country cannot depend on it.

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    File URL: http://www.adbi.org/files/2011.12.08.wp331.understanding.pattern.growth.equity.prc.pdf
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    Bibliographic Info

    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 331.

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    Length: 28 pages
    Date of creation: 08 Dec 2011
    Date of revision:
    Handle: RePEc:ris:adbiwp:0331

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    Keywords: prc; income distribution; prc growth patterns; foreign direct investment; human capital;

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    1. Perkins, Dwight H. & Syrquin, Moshe, 1989. "Large countries: The influence of size," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 32, pages 1691-1753 Elsevier.
    2. Chuliang Luo & Terry Sicular, 2011. "Inequality and Poverty in Rural China," University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers 201114, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
    3. Ravallion, Martin & Chen, Shaohua & Sangraula, Prem, 2007. "New evidence on the urbanization of global poverty," Policy Research Working Paper Series 4199, The World Bank.
    4. Dasgupta, Partha, 1997. "Nutritional status, the capacity for work, and poverty traps," Journal of Econometrics, Elsevier, vol. 77(1), pages 5-37, March.
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