The GDP growth structure of India is dominated by the growth in service sector. The Baumolian theories argue that the higher productivity in services is primary mover behind this growth pattern. On the other hand, Kaldorian theories argue that service …
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This paper examines the rise in income inequality after the 1997 financial crisis and neoliberal economic restructuring in Korea. It argues that the egalitarian growth model in the past was over in Korea as inequality in income and assets became …
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This paper explores inequality in Malaysia, which poses a puzzle in recent years. While official figures indicate declining household income inequality, public discourse generally perceives persistently high or rising inequality. Assembling data from a range of sources, I obtain evidence …
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In 1980, the father of China’s Reform and Opening-up, Deng Xiaoping, put forward the idea that “China should ‘double its national income’” after referencing Japan’s “National Income Doubling Plan”. Since then, the income of Chinese citizens has doubled, or even …
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