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Growth And Equity In China: Pattern, Causes And Challenges

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  • MINQUAN LIU

    (Asia Development Bank Institute, Japan)

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.

Suggested Citation

  • Minquan Liu, 2012. "Growth And Equity In China: Pattern, Causes And Challenges," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-22.
    • Handle: RePEc:wsi:jicepx:v:03:y:2012:i:03:n:s1793993312500172
    DOI: 10.1142/S1793993312500172
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    References listed on IDEAS

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    1. Dasgupta, Partha, 1995. "An Inquiry into Well-Being and Destitution," OUP Catalogue, Oxford University Press, number 9780198288350.
    2. Shi Li & Chuliang Luo & Terry Sicular, 2011. "Overview: Income Inequality and Poverty in China, 2002-2007," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 201110, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
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