as chinas growth slows, income inequality speeds up Chinas real GDP growth rate has fallen from 10
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as china’s growth slows, income inequality speeds up China’s real GDP growth rate has fallen from 10 percent a year to 6.8 percent a year. At the same time, the distribution of income has become more unequal. Suggestions for dealing with these problems include encouraging the growth of small firms, expanding the services sector, and investing more in human capital and research.
Source: Economywatch.com, June 16, 2016 Compare China’s growth slowdown and increased inequality with that of the United States. Would the suggestions for dealing with these problems work?
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Related Book For
Essential Foundations Of Economics
ISBN: 9781786633255
8th Edition
Authors: Robin Bade, Michael Parkin
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