El. knyga: Income Disparity In China: Crisis Within Economic Miracle

After a first chapter making clear that there is a large and widening gap between the rich and the poor in modern China, Xu and Li go on to explore when China might reach the Lewis turning point where surplus labor can no longer be drawn from rural areas. They then proceed to cover the current labor shortage in areas of China, the rule of industrial transfer, the expansion of domestic demand, the high savings ratio, the proportion of labor compensation, the wage gap between urban and rural areas, the undesirability of a minimum wage law, the demographic "dividend," possible tax reform, and possible measures to prevent a financial crisis. To bolster their points they then move on to covering the populism experiment in Latin America, as well as the current troubles in Thailand. They close with a criticism of populism and the need to depend on market mechanisms. The authors make clear in the preface that the idea of increasing the minimum wage is advocated by people that are "mostly well intentioned and confused or misled by paradoxical data." They are in favor, however, of a thorough reform of the tax system. The index appears to be automatically generated with a sequence of entries that begin with "the" placed after Takeshi Minami. Annotation ©2014 Ringgold, Inc., Portland, OR (protoview.com)

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.