Development Economy

Wealth Gap Rising Sharply in China (LinkAsia)

LinkAsia reports that China is coming to grips with rapidly growing income inequality, much like India (Changing poverty criteria ‘drops’ the number of poor in India (RussiaToday, The Guardian, The Hindu)), the US (The top 1% (Fault Lines)) and other OECD nations (Record inequality between rich and poor (OECD)) (David Bandurski, LinkAsia, 03-02-2012).

For supporting data, see this report: Wu, X., & Perloff, J. (2004). China’s income distribution over time: Reasons for rising inequality. Berkeley: UC, Department of Agricultural & Resource Economic

Leave a Reply

Your email address will not be published. Required fields are marked *