Overview

China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an increasing income inequality. In recent years, China's income disparity has reached an alarming level, making it one of the countries with the most unequal income distribution in the world.The widening income gap is the root cause of many issues in contemporary China. How should China step up distribution system reform? How should China deepen the reforms to its fiscal and tax systems? Should the government increase wages to achieve the income multiplication plan? What is the fundamental measure to tackle income disparity issues in China? With in-depth analysis and empirical studies on these questions, this book provides comprehensive perspectives on China's income disparity issues that most international scholars are concerned about.Contents: The Widening Gap between the Rich and the Poor will Inevitably Divide the SocietyLewis Turning PointSurplus Rural LaborStory Behind the Labor ShortageRule of Industrial TransferConsumption and Expansion of Domestic DemandHow Long Can the High Savings Ratio Last?The Proportion of Labor CompensationIs the Gap Between Urban and Rural Areas Widening or Narrowing?The Minimum Wage Law is a Double-edged SwordThe Population Trap and the Demographic DividendTax Reform and the Gap between the Rich and the PoorPreparing for Danger in Times of Peace to Prevent a Financial CrisisPopulism Experiment of Latin AmericaWho Divides Thailand?Criticizing Populism and Depending on Market Mechanisms to Narrow the Gap between the Rich and the PoorReadership: Graduates, professionals, academics and researchers who are interested in Chinese economy, especially in China's urban-rural gap and income disparity.

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9781306566599

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