This
paper synthesizes the major findings from
eight selected East Asian country studies
(China, Indonesia, Korea, Malaysia, Philippines,
Singapore, Thailand, and Vietnam) regarding
the relationship between economic growth
and income distributions in these economies
in the last decade. It discusses the sources
of their different patterns of economic
growth and income distributions, the impact
of particular economic policies on income
distribution, as well as the policy responses
to emerging situations in these countries.
It is seen that in varying ways, economic
growth has generated different levels
of increase in average income and fall
in the incidence of poverty for all the
countries. However, income distribution
associated with the different patterns
of growth differs from one country to
another, which emphasizes the need for
country-specific and contextual approaches
for dealing with issues of income inequality
associated with market-oriented economic
growth.
March 16, 2007.
|