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on China |
| By: | Jomo K.S. |
| Abstract: | Rapid growth and structural change have reduced poverty in East Asian economies. Income inequality has been low in Korea and Taiwan, but has risen in recent years with economic liberalization. In the Southeast Asian economies of Thailand, Malaysia and Indonesia, poverty has declined, while income inequality trends have varied, rising most clearly in Thailand. With its strengthened (private) property rights, market liberalization and sustained rapid growth, China has also experienced increased inequality despite considerable poverty reduction. Hence, the common claim of egalitarian growth in East Asia may have been exaggerated, especially since the 1990s. |
| Keywords: | East Asia, China, Indonesia, Malaysia, Korea, Taiwan, Thailand, inequality, poverty |
| JEL: | D31 D63 F02 |
| Date: | 2006–09 |
| URL: | http://d.repec.org/n?u=RePEc:une:wpaper:33&r=cna |
| By: | Tan Kim Song (School of Economics and Social Sciences, Singapore Management University); Khor Hoe Ee (Monetary Authority of Singapore) |
| Abstract: | There is tremendous momentum for economic and financial integration in East Asia today. Partly inspired by the formation of the European Union and partly as a response to the 1997/98 Asia financial crisis, many East Asian countries are showing greater commitment to regional economic cooperation. A number of bilateral free trade agreements (FTAs) have either been concluded or are being negotiated.1 At a less formal level, the ASEAN+3 grouping has brought the whole region together in regular consultations over trade, investment, as well as monetary and exchange rate policy matters. |
| Date: | 2005–11 |
| URL: | http://d.repec.org/n?u=RePEc:siu:wpaper:23-2005&r=cna |