Market Development in China. Spillovers, Growth and Inequality - Belton M. Fleisher;Haizheng Li;Shunfeng Song

This books deals with several facets of China's spectacular economic growth and its rising income inequality. It is shown that geographical and sectoral distribution of social services has increased the degree of inequality among Chinese households. On the positive side though, there is evidence that regionalization of commodity markets has decreased, promoting pricing equality, which is surely a cornerstone of income equality. Analysis is also presented on regional technology spillovers, rural-urban labor migration, and the relationship between FDI and the ability of state-owned enterprises to cope with the pressures of hard budget constraints. The book provides updated evidence on China's social and economic inequalities and their causes.

The contributions make up a cohesive and valuable study that will appeal to scholars and researchers at many levels of academe in the fields of economics, Asian studies - and Chinese studies in particular - as well as development economists.