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Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class
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Maurizio Bussolo
Veröffentlicht/Copyright:
25. Januar 2012
Over the past two decades, global inequality changed little despite significant structural shifts. Sustained growth in China and India lifted millions out of poverty, while many African countries fell behind. This paper assesses the distribution effects of a continuation of these trends. Growth in China and India will still drive the convergence of per capita incomes at the global level. Millions of Chinese and Indian consumers will join the global middle class. However, these positive developments will be somewhat offset by widening income disparities within countries, as fast growth is often characterized by high urbanization and growing demand for skills.
Published Online: 2012-1-25
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Artikel in diesem Heft
- Research Foundation
- Skill-Biased Technology Imports, Increased Schooling Access, and Income Inequality in Developing Countries
- Policy Analysis
- Rich Consumers and Poor Producers: Quality and Rent Distribution in Global Value Chains
- Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class
- Governing Interdependent Financial Systems: Lessons from the Vienna Initiative
- Discovery of Flower Industry in Ethiopia: Experimentation and Coordination
- Symposium
- The G-20: A Critical Evaluation of Its Progress and Prospects
- Is There Life for the G20 beyond the Global Financial Crisis?
- A History of G20 Summits: The Evolving Dynamic of Global Leadership
- From the G-20 to a Global Economic Coordination Council
- The G20 has Served its Purpose and Should be Replaced
- The Limits of Incrementalism: The G20, the FSB, and the International Regulatory Agenda
- The G20 and Development
- The G20 and the Reform of the International Monetary System
