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Growth with Equity in East Asia?

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  • Jomo K.S.

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.

Suggested Citation

  • Jomo K.S., 2006. "Growth with Equity in East Asia?," Working Papers 33, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:wpaper:33
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    File URL: http://www.un.org/esa/desa/papers/2006/wp33_2006.pdf
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    References listed on IDEAS

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    Cited by:

    1. Bruno Martorano & Donghyun Park & Marco Sanfilippo, 2017. "Catching-up, structural transformation, and inequality: industry-level evidence from Asia," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(4), pages 555-570.
    2. Bruno Martorano & Marco Sanfilippo, 2015. "Structural Change and Wage Inequality in the Manufacturing Sector: Long Run Evidence from East Asia," Oxford Development Studies, Taylor & Francis Journals, vol. 43(2), pages 212-231, June.
    3. Víctor Ramiro Fernández & Matthias Ebenau & Alcides Bazza, 2018. "Rethinking Varieties of Capitalism from the Latin American Periphery," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(2), pages 392-408, June.
    4. VÕ HaI Minh, . "Challenge of the Imbalance of Economic-social Development in ASEAN," Chapters, in: Zhang Yunling & Fukunari Kimura & Sothea Oum (ed.), Moving Toward A New Development Model For East Asia-The Role of Domestic Policy and Regional Cooperation, chapter 4, pages 121-158, Economic Research Institute for ASEAN and East Asia (ERIA).

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    More about this item

    Keywords

    East Asia; China; Indonesia; Malaysia; Korea; Taiwan; Thailand; inequality; poverty;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • F02 - International Economics - - General - - - International Economic Order and Integration

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