engleski

The financial origins of China’s rising inequality

Rising income and wealth inequality (measured by the Gini coefficient) have marked the last three decades of China’s remarkable economic transition from a centrally-planned economy to an increasingly market-oriented one. When analysing the causes of China’s inequality, researchers frequently invoke rapid trade integration, technology, human capital differences and social security systems, but very little has been said about the role of monetary policy and the banking system.

wealth inequality ; income inequality ; China ; finance

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