Problems Faced By The Asian City Of Beijing

Gary Becker’s and Kevin Murphy’s “The Upside of Income Inequality” analyzes the correlation between overall economic development, the importance of education and the effects it has on increasing income inequality. Becker’s and Murphy’s article presents a study taken in China that shows the increase in income inequality raising at similar rates as economic growth. This ultimately leads to a decrease in the amount of people facing poverty and better living conditions for the poor. During China’s rapid rate of economic development “inequality rose, [but] the number of Chinese who live in poverty fell from 260 million in 1978 to 42 million in 1998. Despite the widening gap in incomes, rapid economic development dramatically improved the lives of China’s poor” (Becker and Murphy 581). The authors also state that income inequality is in fact a natural result of economic development because it “raised the standard of living for both the rich and the poor” (Becker and Murphy 582). Education also effects the average earnings of Americans. The importance of receiving an education has

Despite extensive criticism, proponents of the measure feel that it has improved life in China. The policy, implemented in 1979, “was created by the Chinese government to alleviate social, economic and environmental problems in China” (Cabrera). Supporters of the policy claim that is has been successful. One measurement of a country’s success is its financial growth and China has seen an improvement in that respect. “With that rapid GDP growth, has come better nutrition, rising levels of education, longer life expectancies, and higher living standards for the vast majority of Chinese people.” (Azubel 2). Unfortunately, that financial growth has had little impact on the isolated farms and villages.

Hung’s stated goals are as follows. First, he aims to outline the historical origins of the capitalist boom in China as well as the conditions which predicated said boom. He also names four conceptions against history to explore the global effects of China’s capitalist boom and the limit of that boom. Firstly, he seeks to challenge the notion that China is challenging the United States neoliberal order. Secondly, he examines the belief that the increasing incomes of poor Chinese citizens helps to reverse worldwide income polarization. Thirdly, he analyzes the claim that China’s rise is challenging Western dominion over the world, and is radically altering the world order. Lastly, he plans to evaluate the assertion that China has been emerging as the most powerful driver of growth since the global financial crisis. He plans to devote a single chapter to the refutation of each of these views and explanations of why they overstate the importance of China, in addition to several introductory chapters describing China’s rise. He aims to prove with this work that China is no different than the other major capitalist powers, that its boom is dependent on the global neoliberal order, that its boom contributes to rampant inequality, and, in sum, that China is just a foundation of the capitalist status quo.

In India, some of the worst off will earn daily wages by scouring through piles of trash looking for recyclables to sell for money. The definition of wealth in the slums is determined by a person’s ability to afford shelter for their plastic. 60 million Indians live in the Urban slums and 300 million under the World Bank poverty line - $1.25 per day (91). In china, the poor face the same issues. Although China has made considerable efforts to help out their poor, but their efforts continue to fall short. As living conditions continue to stay rough, people continue to move towards the cities, farmers are abandoning their land and crops in search for higher incomes. However, for a while, the migrants were rejected city services. Often children and spouses are separated for long periods of time, in most cases young parents are forced to send their children home to their village while they work in city factories in order to send money home. A large issue is that people in China are historically unaware of the labor laws that the should be followed (94). In both countries, even when people are aware of the social services they could receive, most are not allowed to get bank accounts, the only means they would have to receive government compensation. Plus, both countries have historical caste systems that often prevent any economic mobility (98). Most of the time, caste systems will determine where

China’s impressive growth performance has not benefited all provinces equally as illustrated through the large geographic disparities in the distribution of income. Coastal areas have consistently experienced the fastest economic growth because they benefit from their proximity to the

Dr. Hao Jingfang works for the China Development Research Foundation which helps advance and promote economic development and social progress. She conducts research with an emphasis on rural poverty and presents recommendations to the government. Dr. Hao has witnessed and learned about China’s development over the last century, such as the Cultural Revolution-the birth of communist ideals- and capitalism. China transformed their system and has been ascending economically for the last several decades. Dr. Hao Jingfang had also witnessed its side effects: the excellent ever increasing gross domestic product(GDP) and the not so good effects of increased poverty. Another one of the of the not so spectacular side effects are how the wealth,

The global wealth distribution continues to be defined by a massive inequality of wealth between advanced capitalist countries and the least developed countries. The gap between the thirty richest and the thirty poorest countries, in per capital income has grown from 17:1 in 1980 to 27:1 in 2002 . Despite massive aid and trade liberalisation programmes, development strategies in poor countries have not resulted in sustainable economic development but have instead resulted in ‘massive underdevelopment and impoverishment, untold exploitation and oppressions’ . Despite the success of some newly industrialising countries, most notably China, many of the world’s poorest countries continue to be reliant on the export of raw materials and agricultural

In addition, as China has become more industrialized, there are far less farmers. Young and old alike have migrated from agricultural pursuits to working in the cities. Today there are roughly 425 million agricultural workers (200 million farming families) compared with 700 million just a decade ago (Hays). In the same amount of time, China’s urban population grew from 191 million to 636 million and counting. Unfortunately, these migrant workers are paid less, work longer hours, and live in worse conditions than local city dwellers. After sending money home to support their families still living on the farms, these migrant workers have very little disposable income to purchase nourishing foods for themselves (Holdaway). These interrelated

Urban China is a beautiful place to live in. For instance, those that live in Urban China have a high income, a high population, have people that focus on what children do throughout the day, and make sure that children are provided with an enormous amount of education. I, personally would like to live in Urban China. The Urban part of China has so much to offer, it is not a big surprise that many people decide to live there. I would love to live in Urban China, along with the other people that already do.

The successes are named as South Korea, Japan, and Taiwan. Malaysia and Thailand are considered to be moderately performing, but lagging behind. Finally, he classifies the Philippines and Indonesia as failures. The final section of the book is solely dedicated to China as it presents a unique case. China has developmental characteristics that are similar to both the successful countries of Northeast Asia as well as the poorer Southeastern Asian countries. China has made great progresses and overcome great disasters. It has worked closely alongside the World Bank and even receives technical support from it when needed. But not without paranoia, which has actually caused China to prosper. Unlike the northeastern countries, Chinese peasants do not own their own land as it is collectively owned and is not allowed to be sold under law. In modern times, China’s developmental plan is based off of recognizing the past failures associated with state-led growth, while allowing state companies to play an important role in its economy. Also, foreign owned companies play a large role because other countries outsource their labor needs to China because it is much cheaper. Overall, Studwell states that China’s government has set the stage for the enablement of rapid economic development. The author

Question: As China’s economy develops rapidly, more and more Chinese people are becoming rich. Such increased levels of wealth have also brought about increased levels of poverty. Explain the possible reasons for this inequality and the effects it may have upon Chinese society as a whole. Refer to specific examples in your answer.

Countries like China and Indian are no longer under-developed countries. GDP and per capita income of these countries is increasing exponentially that results in more purchasing power. The definition of Middle class is changing because of the increase in income levels. According to the article “3 great forces changing China’s consumer market”, it is predicted that China’s economy is projected to expand to $6.6 trillion by 2020, even though it is currently struggling. Three important factors are cited as the primary reasons for this transition

My research question is “how did China’s hukou (household registration) system contribute to increasing income inequality between urban and rural areas?” I argue that the hukou system leads to higher income inequality between urban and rural areas despite the successful implementation of the anti-poverty programs. This paper will approach the relationship between the hukou system and urban-rural area income inequality in a qualitative way by probing into case studies. I will probe into the poverty alleviation programs that were implemented in China, then the impact of the hukou system on the rising income inequality between the urban and rural areas. I have two

Yet several specters haunt China. To continue economic growth, China’s economy will have to fundamentally shift away from its current orientation toward exports and grow based on its own consumption. Other structural challenges, from taxes and regulation to intellectual property and the rule of law, all must be reformed if China’s economic growth is to continue. China’s leaders will also have to manage an unprecedented level of urbanization, with an expected 400 million new urban residents by 2050. Just as daunting, China’s population is rapidly ageing, which will become a tremendous economic challenge given the effects of China’s One Child Policy and its Bachmann-beloved lack of a Social Security program. Beyond economic and demographic challenges,

The globalization of China has hurt the wealth distribution of the nation, because of foreign investments to the prosperous regions and not the rural underdeveloped cities and towns, the methods used for regulating the process of globalization of China, and the influence communism still holds over the nation both social and