Excerpt
Excerpt
Soaring Income Gaps: China in Comparative Perspective. Martin K. Whyte, 2014, Paper. "Despite repeated pledges by China’s leaders to reduce the gap between rich and poor, income inequality has continued to rise. China’s Gini coefficient, a standard measure of income inequality, was higher in 2007 than in the United States, Russia, or most other societies. Why have China’s income gaps increased so fast and so far, despite programs designed to promote greater equality? Standard explanations, such as income gaps inevitably rising with rapid economic development or..." Link verified October 8, 2014