The end of "growth with equity"? : economic growth and income inequality in East Asia

Date

2011-07

Contributor

Advisor

Department

Instructor

Depositor

Speaker

Researcher

Consultant

Interviewer

Narrator

Transcriber

Annotator

Journal Title

Journal ISSN

Volume Title

Publisher

Honolulu, HI : East-West Center

Volume

Number/Issue

Starting Page

Ending Page

Alternative Title

Abstract

During the closing decades of the twentieth century, much of the world witnessed a substantial increase in economic and social inequalities. Following a period of "growth with equity" that featured economic growth and social redistribution in East Asian countries shortly after World War II, a new era of "growth with inequality" has been ushered in. This leads not only to a divided society, it threatens democratic institutions and suffocates economic growth. Looking forward to the next half century, will East Asia, a major area of economic growth of the twenty-first century, become increasingly unequal economically and socially? The experience of China, a country that has seen a period of both spectacular economic growth and rapid income inequality increase, suggests that the state can serve both as an inequality creator and an equality enforcer. As equitable distribution of benefits of economic growth requires forces beyond the market alone, national policies are required to address the causes of rising inequality and create opportunities that will have beneficial long-term effects.

Description

For more about the East-West Center, see http://www.eastwestcenter.org/

Keywords

Income distribution - East Asia, Economic development - East Asia, East Asia - Economic conditions - 21st century, East Asia - Economic policy

Citation

Extent

8 p.

Format

Geographic Location

Time Period

Related To

Related To (URI)

Table of Contents

Rights

Rights Holder

Local Contexts

Email libraryada-l@lists.hawaii.edu if you need this content in ADA-compliant format.