Rising income inequality amid declining poverty : the experience of China and India
Document Type
Journal article
Source Publication
Journal of Poverty Alleviation and International Development
Publication Date
6-1-2014
Volume
5
Issue
1
First Page
45
Last Page
73
Publisher
Institute for Poverty Alleviation and International Development, Yonsei University
Keywords
Income Inequality, Inclusive Growth, Poverty Rates, China and India, Globalization
Abstract
The unprecedented decline in poverty rates in China, and to a lesser extent, in India, has been accompanied by a sharp increase in income inequality, including new forms of impoverishment and destitution. What explains this paradoxical outcome where high GDP growth that has helped reduce absolute poverty has also resulted in widening income inequalities? What are the potential socioeconomic and political implications? And, how best to mitigate and reverse this growing socioeconomic polarization and promote more inclusive and balanced economic growth? This paper addresses these interrelated questions.
Print ISSN
22336192
Publisher Statement
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Sharma, S. D. (2014). Rising income inequality amid declining poverty: The experience of China and India. Journal of Poverty Alleviation and International Development, 5(1), 45-74. Retrieved from http://jpaid.yonsei.ac.kr/contents/bbspage/xbd/download.php?bo_table=m5_db1&wr_id=38&no=0&sca=5-1-2014