scholarly journals Growth and Distribution in the Market Economies of East Asia

1982 ◽  
Vol 35 (1) ◽  
pp. 150-160 ◽  
Author(s):  
Gary S. Fields
Keyword(s):  
Economic Development ◽  
Income Distribution ◽  
East Asia ◽  
Market Economy ◽  
Initial Conditions ◽  
Market Economies ◽  
Government Interference

Who benefits how much from economic development? Three approaches to measuring the income distribution effects of growth are described and contrasted, and the experiences of various countries are classified accordingly. Seven books analyzing patterns of change in income distribution in Asia are reviewed. Although some of the authors feel that “getting the prices right” in a market economy with a minimum of government interference is the way to achieve growth and distributional goals, a better conclusion is that synergism between policy and initial conditions explains the presence or absence of equitable growth.

scholarly journals The integration between and common prosperity of government and market: China's experience of economic development

2020 ◽  
Vol 3 (2) ◽  
pp. 353-366
Author(s):  
Leming Hu
Keyword(s):  
Economic Development ◽  
Market Economy ◽  
Economic Transition ◽  
Emerging Market ◽  
Emerging Market Economies ◽  
Content Type ◽  
Market Economies ◽  
Economic Liberalism ◽  
Government And Market ◽  
The Relationship

PurposeThe relationship between government and market is the key to the economic development performance of market economy countries. Due to the limits such as the state/market dichotomy, the focus on static allocation efficiency and the ignorance of the diversity of the market economy and the relationship between government and market, economic liberalism and state interventionism can hardly position and explain the role and evolution of government and market in the real world accurately.Design/methodology/approachChina’s economic transition has always adhered to the reform direction of the socialist market economy and the development goal of a modern socialist country as well as the symbiosis and positive and progressive evolution of government and market, blazing a “third way” in handling the relationship between government and market.FindingsThe “China’s experience” shows that the key for emerging market economies to achieve good economic development performance lies in whether they can build a new relationship of the mutual integration between and common prosperity of government and market regarding target selection, production organisation, technological innovation, institutional change and regulatory adjustment.Originality/valueThe second part of this paper analyses the inherent defects of economic liberalism and state interventionism as well as the reasons why they can hardly be adopted as the theoretical guidance for emerging market economies to handle the relationship between government and market. The third part analyses how China has transcended the inherent thinking of liberalism and interventionism and shaped the new relationship between government and market through goal-oriented, active and progressive, two-way interactive exploration and practice to ensure the success of China's economic transition.

Poverty Reduction in East Asia: A Continuing Development Challenge

2015 ◽  
Vol 07 (04) ◽  
pp. 78-87
Author(s):  
John WONG
Keyword(s):  
Hong Kong ◽  
Income Distribution ◽  
South Korea ◽  
East Asia ◽  
Poverty Reduction ◽  
The Philippines ◽  
Absolute Poverty ◽  
Relative Poverty ◽  
Main Thrust ◽  
Market Economies

In recent years, income distribution has worsened virtually in all market economies. For East Asia, Japan, South Korea, Taiwan, Hong Kong and Singapore have successfully done away with absolute poverty, with their current focus on relative poverty. China, Malaysia and Thailand have resolved their absolute poverty problem, targeting policies now on certain regions or certain groups. For Indonesia, the Philippines, Cambodia, Laos, Myanmar and Vietnam, the main thrust is still on reducing their absolute poverty.

scholarly journals economic development

2019 ◽  
Author(s):  
hijratul husna
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Natural Resources ◽  
Economic System ◽  
Market Economy ◽  
Development Strategies ◽  
Positive Correlation ◽  
The Rich ◽  
Means Of Production

The problem of poverty is often associated with the problem of inequality in income distribution. Continuous economic growth does not always reduce poverty or economic growth which does not have a positive correlation with income distribution.The inequality of income distribution makes the rich and the poor's ravines increasingly steep which results in social jealousy and the potential to trigger various criminal acts.Inequality can be caused by inequality of natural resources (SDA), expertise, talent, and capital (an economic system in which trade, industry and means of production are controlled by private owners with the aim of gaining profits in the market economy, capital owners in trying to reach as big as possible), as well as inappropriate development strategies that are growth-oriented.

Planification: Potential and role in XXI century market economy

2016 ◽  
pp. 63-80 ◽  
Author(s):  
A. Buzgalin ◽  
A. Kolganov
Keyword(s):  
Economic Development ◽  
20Th Century ◽  
Market Economy ◽  
Critical Analysis ◽  
New Economy ◽  
Real Socialism ◽  
The Subject ◽  
Planning Institutions

The authors, basing on a critical analysis of the experience of planning during the 20th century in a number of countries of Europe and Asia, and also on the lessons from the economics of "real socialism", set out to substantiate their conclusions on the advisability of "reloading" this institution. The aim is to create planning mechanisms, suited to the new economy, that incorporate forecasting, projections, direct and indirect selective regulation and so forth into integral programs of economic development and that set a vector of development for particular limited spheres of what remains on the whole a market economy. New planning institutions presuppose a supersession of the forms of bureaucratic centralism and a reliance on network forms of organization of the subject and process of planning.

Perception and Reality—Economic Inequality as a Driver of Populism?

2019 ◽  
Vol 41 (2) ◽  
pp. 337-358 ◽  
Author(s):  
Michael Hüther ◽  
Matthias Diermeier
Keyword(s):  
Economic Development ◽  
Income Distribution ◽  
Welfare State ◽  
Causal Relationship ◽  
Economic Inequality ◽  
Public Officials ◽  
Middle Classes ◽  
The Future ◽  
General Criticism ◽  
The Welfare State

Abstract Can the rise of populism be explained by the growing chasm between rich and poor? With regard to Germany, such a causal relationship must be rejected. Income distribution in Germany has been very stable since 2005, and people’s knowledge on actual inequality and economic development is limited: inequality and unemployment are massively overestimated. At the same time, a persistently isolationist and xenophobic group with diverse concerns and preferences has emerged within the middle classes of society that riggers support for populist parties. This mood is based on welfare chauvinism against immigration rather than on a general criticism of distribution. Since the immigration of recent years will inevitably affect the relevant indicators concerning distribution, an open, cautious but less heated approach is needed in the debate on the future of the welfare state. In order to address and take the local concerns of citizens seriously, an increased exchange with public officials on the ground is needed.

Sign in / Sign up

Export Citation Format

Share Document