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Growth with Equity in East Asia?

Author

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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

    as
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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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