1. Introduction In 2015, China's economic growth rate slowed down, but the per capita disposable income of the whole country increased by 7.4% in real terms, and the GDP grew by 6.9% in the same period. At the same time, in the distribution of income aspect, there are still many problems and challenges, which is mainly shown on the proportion of household income in the national income distribution, big income gap between industries and income gap is even larger between different group of workers. The Report on China's population and labour (2016) notes that China's gender wage gap is widening. According to the Survey on the status of women in China, the average female wage in China's urban employment in 1990 was about 77.5 percent of male wages,
China has faced inflation and deflation. Particularly, inflation had bring out many effect on China citizen, such as income gap between the poor and the rich, rises in cost of living, and income gap between the rural and city residents. First, the common effect of inflation is the cost of living increases. As a retirees, households, and the people who depend on social security benefits, there are always make the best decision, since they only have fixed incomes. When inflation occurred, the purchase power of RMB will fall and these group are stand to lose on their great deal, which mean that these kind of people will not be able to purchase the same as before.
It is within the international domain that China is first rising in the realism of global power. The economy is getting better by the day with impressive gross domestic product (GDP), the per capita income is also on its upward trend, while the military power is getting robust and resilient with every administration. The number of expatriates is increasing making growth be realized. More importantly, it is the technological advancement that China is sightseeing. This positive changes in China poise China to be one of the first growing countries that can rise to the levels of superpowers such as The United States of America.
In Thailand, economic inequality has long been a fact of life. It is a “general inequality of condition” that can be seen to influence all aspects of social, economic, and political life. Yet inequality has not always been associated with political activism. Following the 2006 military coup, however, there has been a deliberate and politicized linking of inequality and politics. The article explores a complex of political events – elections, coup, constitution, and the political ascent of Thaksin Shinawatra – that has given rise to a relatively recent politicization of economic and political inequalities, now invoked in street politics – a rhetoric developed amongst pro-Thaksin red shirts that challenged the status quo and generates conflict
It’s still having an inequality in income because not every job can give the same amount of wage. Higher skilled job or the owner will receive more income. The question was occurring “Is inequality in Thailand a persistent problem that disrupts the country’s economic growth?” In my opinion inequality doesn’t impact much on economic growth, but economic growth is directly impact on inequality. This essay will use the empirical tools to examine income and wealth inequality affected on Thailand’s economic growth in different situation ,first, the economy and the inequality during 1980s ; second, the Asian Financial crisis in 1997; third, how One Tambol One Product project did to the poverty in rural area; fourth, is increase in the daily minimum wage will decrease poverty? and conclusion.
The reason why we were able to get socioeconomic rights in countries like China is through massive systems of redistribution and bringing up the poor from the public. So if you want to claim literally the communist country for your side, that is to say the people who've put together the single biggest system of economic and social rights... I think I've said
The economics of China have been growing rapidly since the reform and opening up in 1978. Between 1978 and 2005, China's per capita GDP had grown from $153 to $1284, that is more than 8 folds increment. This economic reform has increased inequality in China dramatically. To large extent I agree the rapid economics development of china has been more of a threat than an opportunity for China’s traditional culture. Culture is made up of 3 major components; these include material aspect, which is more physical, such as buildings and architecture.
Income Inequality in Singapore In the recent years, the issue of income inequality has been extensively discussed. It has been highlighted that the world’s richest 85 people across the globe shares a combined wealth as much as the poorest 3.5 billion of the world’s population. (Wearden, 2014) Widening income gap has resulted in dissatisfaction and rising social tension across various communities. In 2011, Americans started the ‘Occupy Wall Street’ protest to stand up against income inequality in the States. In 2014, the ‘Umbrella Revolution’ has unfolded as a result of demand for democracy and widening economic gap.
Notable other countries that have experienced growing income inequality along with rapid economic growth include China and India. In economic literature, there is a debate popularised by Nobel Laureate Simon Kuznets about whether low income countries will have to experience some increases in income inequality before they reach a threshold level of income after which income inequality will fall. The validity of this inverted U-curve relationship between growth of per capita income and income inequality, popularly called the Kuznets-hypothesis, has been researched extensively but inconclusively. A priori, there is no obvious reason that income inequality must increase in order to achieve high rates of economic growth. The observed phenomenon in many countries is a reflection of initial unequal distribution of wealth and assets and the fact that the underlying growth strategies and policies have not specifically addressed the inequality
Population is a prominent problem in China, creating great pressure on economic development and environmental protection. Since the 1970s, Chinese government has pushed forward a family planning program aimed at greatly reducing this population pressure. Moreover, the Chinese population is unevenly distributed. The east is densely populated, while the west sparsely populated; the plains are densely populated , but the mountainous areas and plateaus are sparsely