Sharing the Growth Dividend: Analysis of Inequality in Asia

• Autorzy: Sonali Jain-Chandra , Tidiane Kinda , Kalpana Kochhar , Shi Piao , Johanna Schauer
• Języki publikacji: EN

Abstrakty

EN

This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many other regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fastgrowing Asian economies have been unable to replicate the "growth with equity" miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth. The paper argues that policies could have a substantial effect on reversing the trend of rising inequality. It is imperative to address inequality of opportunities, in particular to broaden access to education, health, and financial services. Also, fiscal policy could combat rising inequality, including by expanding and broadening the coverage of social spending, improving tax progressivity, and boosting compliance. Further efforts to promote financial inclusion, while maintaining financial stability, can help. (original abstract)

Słowa kluczowe

EN

Gini coefficient; Social-economics inequality; Economic growth

PL

Współczynnik Giniego; Nierówności społeczno-gospodarcze; Wzrost gospodarczy

• Czasopismo: Journal of Banking and Financial Economics
• Rocznik: 2019
• Numer: nr 2(12)
• Strony: 5--28

Twórcy

autor

Sonali Jain-Chandra

• International Monetary Fund

autor

Tidiane Kinda

• International Monetary Fund

autor

Kalpana Kochhar

• International Monetary Fund

autor

Shi Piao

• Ant Financial Services Group, China

autor

Johanna Schauer

• International Monetary Fund

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Identyfikatory

DOI

10.7172/2353-6845.jbfe.2019.2.1