Rising income inequality amid declining poverty : the experience of China and India
Journal of Poverty Alleviation and International Development
Institute for Poverty Alleviation and International Development, Yonsei University
Income Inequality, Inclusive Growth, Poverty Rates, China and India, Globalization
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.
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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