Poverty Reduction in China

Poverty Reduction in China - www.wider.unu.edu number 4...

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Poverty Reduction in China: Is High Growth Enough? 1 www.wider.unu.edu S hould growth or inequality be prioritized in the design and execution of development policies ? AN OFT CITED P±PER BY ²OLL±R ±ND KR±±Y OF THE WORLD ³±Nk ±DVOC±TE´ GROµTH ±´ THE PRIM±RY OBjECTIVE OF DEVELOPMENT. ¶PPONENT´ ±RGUE TH±T GROµTH M±Y NOT BE PRO-POOR, THU´ GROµTH ±LONE I´ IN´UffiCIENT FOR POVERTY REDUCTION— THE ULTIM±TE GO±L OF DEVELOPMENT. ·EY IN´TE±D EMPH±´IZE REDI´TRIBUTION ±´ ±N IMPORT±NT POLICY IN´TRUMENT. ¸ROM ± PR±CTIC±L POINT OF VIEµ, MO´T POLICIE´ INVOLVE TR±DE-Off´ BETµEEN EffiCIENCY (I.E., GROµTH) ±ND EQUITY, ±T LE±´T IN THE ´HORT-RUN. WITH THI´ IN MIND, DEVELOPMENT ´TR±TEGI´T´ ±ND POLICYM±kER´ F±CE THE CH±LLENGE OR DILEMM±: µH±T ´HOULD BE PRIORITIZED IN THE DE´IGN ±ND EXECUTION OF DEVELOPMENT POLICIE´? ¹O FURTHER COMPLIC±TE THE M±TTER, M±NY CH±NNEL´ EXI´T THROUGH µHICH GROµTH M±Y ±ffECT DI´TRIBUTION IN DIffERENT µ±Y´. ºE±NµHILE, GROµTH ±ND POVERTY OUTLOOk´ DEPEND ON THE CURRENT LEVEL ±ND DYN±MIC´ OF INEQU±LITY. ·E EMERGING LITER±TURE ON THE INEQU±LITY–GROµTH NEXU´ H±´ PRODUCED CONflICTING fiNDING´. »LE±RLY, MORE RE´E±RCH I´ NEEDED IN ORDER TO BETTER UNDER´T±ND THE POVERTY–GROµTH–INEQU±LITY (¼½¾) TRI±NGLE, µHICH ´T±TE´ TH±T ±NY POVERTY CH±NGE C±N BE EXPRE´´ED ±´ ± M±THEM±TIC±L FUNCTION OF GROµTH ±ND THE V±RI±TION IN INEQU±LITY. ¼O´T-REFORM »HIN± REPRE´ENT´ ± GOOD OPPORTUNITY FOR ´TUDYING THE ¼½¾ TRI±NGLE. WHILE GROµTH IN »HIN± H±´ BEEN H±ILED ±´ ± MIR±CLE ±ND IT´ IMP±CT ON POVERTY I´ µELL-RECOGNIZED, THE EffiCIENCY-EMPH±´IZING BUT EQUITY-IGNORING DEVELOPMENT EXPERIENCE H±´ LE±D TO THE F±´T RI´E OF INEQU±LITY ±LONG EVERY DIMEN´ION ±ND MU´T H±VE CONTRIBUTED TO THE EMERGENCE OF URB±N POVERTY ±ND TO THE ´LOµDOµN, EVEN REVER´±L, OF POVERTY REDUCTION IN »HIN±. ¿EEDLE´´ TO ´±Y, EXPLORING THE ¼½¾ TRI±NGLE IN »HIN± I´ IMPORT±NT FOR ± NUMBER OF RE±´ON´. ¸IR´T, THE ±L±RMINGLY HIGH LEVEL OF INEQU±LITY PO´E´ ± THRE±T TO THE ´U´T±IN±BILITY OF GROµTH ±´ IT UNDERMINE´ »HIN±’´ ´OCI±L ±ND POLITIC±L ´T±BILITY, TO ´±Y THE LE±´T. SECOND, »HIN±’´ GROµTH PRO´PECT´ ±ND INEQU±LITY-REL±TED DOME´TIC DEM±ND H±VE PROFOUND IMPLIC±TION´ FOR OTHER ECONOMIE´, P±RTICUL±RLY IN TERM´ OF »HIN±’´ number 4, 2008 Overview The slowdown and in some years reversal of poverty reduction in China forcefully demonstrates that growth is not sufficient for combating poverty even if that growth is of unprecedented magnitude. Policy initiatives should take into consideration inequality, especially urban-rural disparity. This Policy Brief provides a summary of the research findings from UNU-WIDER’s project on Inequality and Poverty in China. It also offers policy recommendations for tackling the poverty-growth-inequality inter-relationships in the short- and long-run. In particular, it is suggested
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This note was uploaded on 10/12/2008 for the course DSOC 1101 taught by Professor Hirshel during the Fall '07 term at Cornell.

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Poverty Reduction in China - www.wider.unu.edu number 4...

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