Rising income inequality amid declining poverty : the experience of China and India

Research output: Journal PublicationsJournal Article (refereed)

Abstract

The unprecedented decline in poverty rates in China, and to a lesser extent, in India, has been accompanied by a sharp increase in income inequality, including new forms of impoverishment and destitution. What explains this paradoxical outcome where high GDP growth that has helped reduce absolute poverty has also resulted in widening income inequalities? What are the potential socioeconomic and political implications? And, how best to mitigate and reverse this growing socioeconomic polarization and promote more inclusive and balanced economic growth? This paper addresses these interrelated questions.
Original languageEnglish
Pages (from-to)45-73
Number of pages29
JournalJournal of Poverty Alleviation and International Development
Volume5
Issue number1
Publication statusPublished - Jun 2014

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India
Income inequality
China
Poverty
Socio-economics
Economic growth
Polarization
GDP growth

Keywords

  • Income Inequality
  • Inclusive Growth
  • Poverty Rates
  • China and India
  • Globalization

Cite this

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abstract = "The unprecedented decline in poverty rates in China, and to a lesser extent, in India, has been accompanied by a sharp increase in income inequality, including new forms of impoverishment and destitution. What explains this paradoxical outcome where high GDP growth that has helped reduce absolute poverty has also resulted in widening income inequalities? What are the potential socioeconomic and political implications? And, how best to mitigate and reverse this growing socioeconomic polarization and promote more inclusive and balanced economic growth? This paper addresses these interrelated questions.",
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Rising income inequality amid declining poverty : the experience of China and India. / SHARMA, Shalendra D.

In: Journal of Poverty Alleviation and International Development, Vol. 5, No. 1, 06.2014, p. 45-73.

Research output: Journal PublicationsJournal Article (refereed)

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KW - Poverty Rates

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KW - Globalization

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