KJCKorea
Journal Central

@article{ART002665290},
author={Xiaomei Zhang and Kim Yuntae},
title={Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives},
journal={Asia Review},
issn={2234-0386},
year={2020},
volume={10},
number={2},
pages={229-262}

TY - JOUR
AU - Xiaomei Zhang
AU - Kim Yuntae
TI - Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives
JO - Asia Review
PY - 2020
VL - 10
IS - 2
PB - 아시아연구소
SP - 229
EP - 262
SN - 2234-0386
AB - Since the reform and opening up in 1978, China has achieved rapid economic growth, which has resulted in a significant decline of absolute poverty and huge economic inequality at the same time. China transformed from the most egalitarian country to one with a wider gap between the rich and the poor. This article evaluates the causes of increasing inequality from structural and political economic perspectives, and tries to seek new policy alternatives. Although the structural perspective emphasizing the effects of globalization, urbanization and marketization attempts to explain China’s inequality, there are some limitations. We argue that the developmental strategy, redistribution mechanism, and the weaken role of the labor union have a greater influence on the growing inequality. In particular, China’s social security system has some drawbacks such as stratification of allowance spending, regional differentiation and imbalanced development, although it has developed rapidly since 2010. In addition, the social expenditure rate and tax burden rate are low, which prevents the redistribution of income and wealth. Thus, it should be pointed out that the future developmental strategy of China needs to emphasize human development while pursuing balanced development, and in particular, while pursuing a new strategy for a shared developmental state that emphasizes social welfare policies that reduces the gap between the rich and the poor.
KW - Inequality;China;Developmental Strategy;Marketization;Redistribution;Social Policy
DO -
UR -
ER -

Xiaomei Zhang and Kim Yuntae. (2020). Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives. Asia Review, 10(2), 229-262.

Xiaomei Zhang and Kim Yuntae. 2020, "Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives", Asia Review, vol.10, no.2 pp.229-262.

Xiaomei Zhang, Kim Yuntae "Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives" Asia Review 10.2 pp.229-262 (2020) : 229.

Xiaomei Zhang, Kim Yuntae. Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives. 2020; 10(2), 229-262.

Xiaomei Zhang and Kim Yuntae. "Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives" Asia Review 10, no.2 (2020) : 229-262.

Xiaomei Zhang; Kim Yuntae. Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives. Asia Review, 10(2), 229-262.

Xiaomei Zhang; Kim Yuntae. Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives. Asia Review. 2020; 10(2) 229-262.

Xiaomei Zhang, Kim Yuntae. Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives. 2020; 10(2), 229-262.

Xiaomei Zhang and Kim Yuntae. "Why Does Inequality Increase in China?: Reexamination of the State’s Developmental Strategy, Social Institutions and Political Economic Perspectives" Asia Review 10, no.2 (2020) : 229-262.