Growth with Inequality [electronic resource] : an International Comparison on Income Distribution.

ISBN:

9789814401708

9789814401685

9781299281066

Title:

Growth with Inequality [electronic resource] : an International Comparison on Income Distribution.

Author:

Xue, Jinjun.

Personal Author:

Xue, Jinjun.

Publication Information:

Singapore : World Scientific Publishing Company, 2012.

Physical Description:

1 online resource (402 pages)

Contents:

Foreword; CONTENTS; Acknowledgments; List of Contributors; Part 1 Globalization, Liberalization, Growth and Income Inequality; Chapter 1 Growth and Inequality in China; 1.1. Introduction; 1.2. Income Inequality in China; 1.2.1. Urban-Rural Income Gap; 1.2.2. Regional Disparities; 1.2.3. Income Inequality of Residents; 1.2.3.1. How Large is the Gini Coefficient?; 1.2.3.2. How Serious is China's Inequality?; 1.3. China's Kuznets Curve; 1.4. Conclusions; 1.4.1. Economic Implications; 1.4.2. Political Risk; References; Chapter 2 Growth and Inequality in Hong Kong; 2.1. Introduction.

2.2. Hong Kong -- An Economic Miracle with Unequal2.3. Why Hong Kong's Income Distribution is so Unequal?; 2.4. Why is Disposable Income Distribution so Unequal in Hong Kong?; 2.5. Summary; References; Chapter 3 Growth and Inequality in the United States; 3.1. Introduction; 3.2. Components of LIMEW; 3.3. Trends in the Level and Composition of Well-being; A. Composition of LIMEW; B. The Middle Class; 3.4. Economic Inequality; 3.5. Conclusion; References; Chapter 4 Growth and Inequality in India; 4.1. Why Focus on Class Structure?; 4.2. Defining a Class Structure for India.

4.3. Data, Definitions and Limitations4.4. Results I: Indian Class Structure; 4.4.1. Simplified Class Structure; 4.4.2. Detailed Class Structure; 4.5. Results II: Analyzing Indian Inequality, Does Class Matter?; 4.5.1. Yitzhaki Methodology of Decomposing the Gini Coefficient; 4.5.2. Rural-urban Decomposition; 4.5.3. Inter-state Decomposition; 4.5.4. Simplified Class Decomposition; 4.5.5. Detailed Class Decomposition; 4.5.6. Urban Class Decomposition; 4.5.7. Rural Class Decomposition; 4.5.8. Agrarian Class Decomposition; 4.5.9. Rural Non-agricultural Class Decomposition.

4.6. Explanations and DiscussionAcknowledgment; References; Chapter 5 Growth and Inequality in Germany; 5.1. Introduction; 5.2. Income Generation and Estimation Techniques; 5.3. Patterns in Germany and China; 5.4. Conclusion; References; Chapter 6 Growth and Inequality in Korea; 6.1. Introduction; 6.2. Egalitarian Growth and Capital Controls in Korea; 6.3. Financial Opening, the Crisis and Neoliberal Restructuring; (1) From mismanaged capital account liberalization to the financial crisis; (2) Neoliberal restructuring and full opening of the economy.

6.4. Higher Inequality under Neoliberal Regime and its Problems(1) Worsening inequality after the Crisis: The labor market and real estate market; (2) The neoliberal growth pattern and income inequality; 6.5. Conclusions; References; Chapter 7 Growth and Inequality in the UK; 7.1. Introduction; 7.2. Mapping the Consequences of Neo-liberalism; 7.2.1. Inequality and the Slow Erosion of the Social Fabric; 7.3. The Party Political Dimension: Inequality and the 2010 General Election; 7.3.1. The Conservatives -- Remedying the "Broken Society" with the "Big Society."

7.3.2. Labour Party -- "Enhancing Social Mobility."

Local Note:

eBooks on EBSCOhost

Subject Term:

Income distribution.

Income -- Regional disparities.

Regional economic disparities.

Economic development -- Social aspects.

Format:

Electronic Resources

Electronic Access:

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Publication Date:

2012

Publication Information:

Singapore : World Scientific Publishing Company, 2012.

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Summary

In the era of globalization and liberalization, the world is enjoying high growth as well as suffering from the ill-effects of unequal distribution of its economic outcomes. The activities of anti-government demonstrations in China and across the world via the Occupy Wall Street Movement highlight that inequality has become an international phenomenon. It is apparent in both poor countries under authoritarianism and rich countries governed by a democratic regime. Thus, inequality has become not only a hurdle to development but also a threat to social and political stability. The spread of the Jasmine Revolution across parts of North Africa and the Arab Spring are illustrative of what can happen under certain circumstances.This book confirms the inconsistencies between high growth and increasing inequality via a series of case studies across 11 countries, numerous regions, and OECD members. Many of the case studies draw upon original household surveys. Our findings indicate the seriousness of income inequality, explore factors that have caused the inequality and analyze their economic and social consequences.The book raises, and deals with, three key questions: (1) Can high growth reduce inequality gradually? (2) Can government intervention be effective in equalizing income distribution? (3) Is the income disparity an engine for, or an obstacle of, high growth?