Monday 4 April 2011

China: More On Inequality

Inequality in China also has something to do with the political and economic system.

Corruption is common.  With good connections with officials in the government, one might be able to win big by means of collusion with the government.  That is not unusual: in fact it is very common.

For various reasons, these privileged group of people with access to officials would do great business because their competitors are being kept out of the market, creating ultra wealthy group of people.  Exporters are also rich because of the export-led growth model.  The working class, unfortunately, could not share as much as the other groups of people.

No comments:

Post a Comment