Format:
1 Online-Ressource (circa 53 Seiten)
,
Illustrationen
ISBN:
9781513546544
Series Statement:
IMF working paper WP/16/48
Content:
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing Asian economies have been unable to replicate the 'growth with equity' miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth. The paper argues that policies could have a substantial effect on reversing the trend of rising inequality. It is imperative to address inequality of opportunities, in particular to broaden access to education, health, and financial services. Also fiscal policy could combat rising inequality, including by expanding and broadening the coverage of social spending, improving tax progressivity, and boosting compliance. Further efforts to promote financial inclusion, while maintaining financial stability, can help
Additional Edition:
Erscheint auch als Druck-Ausgabe Jain-Chandra, Sonali Sharing the Growth Dividend: Analysis of Inequality in Asia Washington, D.C. : International Monetary Fund, 2016 ISBN 9781513546544
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781513546544.001
