Inequalities and capital accumulation in China
ABSTRACT This article contributes to the debate on income and wealth distribution in China by analyzing the main characteristics of the Chinese accumulation pattern that determine its distributive dynamics in a comparative perspective. After a period of rapid growth of inequalities, coupled with imp...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Editora 34
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000300449&lng=en&tlng=en |
| _version_ | 1819025637877219328 |
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| author | Isabela Nogueira João Victor Guimarães João Pedro Braga |
| author_facet | Isabela Nogueira João Victor Guimarães João Pedro Braga |
| author_sort | Isabela Nogueira |
| collection | DOAJ |
| description | ABSTRACT This article contributes to the debate on income and wealth distribution in China by analyzing the main characteristics of the Chinese accumulation pattern that determine its distributive dynamics in a comparative perspective. After a period of rapid growth of inequalities, coupled with improved living conditions for all distribution deciles, inequalities have stabilized in China since the mid-2000s. Globally, China is today in a distributive pattern worse than Western Europe or Japan, but it is more egalitarian than the United States and far from the world inequality frontier defined by Brazil, India, South Africa and the Middle East. In this article, we scrutinize three characteristics of the regime of accumulation in China that mitigate the capital-concentrating tendency: 1. the financialization process with Chinese characteristics, 2. the strategic share of State ownership in the economy, 3. its trajectory over the agrarian question. |
| first_indexed | 2024-12-21T05:13:51Z |
| format | Article |
| id | doaj.art-bc2098e56cd04110884351ffe34a0b69 |
| institution | Directory Open Access Journal |
| issn | 1809-4538 |
| language | English |
| last_indexed | 2024-12-21T05:13:51Z |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj.art-bc2098e56cd04110884351ffe34a0b692022-12-21T19:14:58ZengEditora 34Brazilian Journal of Political Economy1809-453839344946910.1590/0101-35172019-2929S0101-31572019000300449Inequalities and capital accumulation in ChinaIsabela NogueiraJoão Victor GuimarãesJoão Pedro BragaABSTRACT This article contributes to the debate on income and wealth distribution in China by analyzing the main characteristics of the Chinese accumulation pattern that determine its distributive dynamics in a comparative perspective. After a period of rapid growth of inequalities, coupled with improved living conditions for all distribution deciles, inequalities have stabilized in China since the mid-2000s. Globally, China is today in a distributive pattern worse than Western Europe or Japan, but it is more egalitarian than the United States and far from the world inequality frontier defined by Brazil, India, South Africa and the Middle East. In this article, we scrutinize three characteristics of the regime of accumulation in China that mitigate the capital-concentrating tendency: 1. the financialization process with Chinese characteristics, 2. the strategic share of State ownership in the economy, 3. its trajectory over the agrarian question.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000300449&lng=en&tlng=enDesigualdadesChinaacumulação de capitalfinanceirizaçãopropriedade estatalquestão agrária |
| spellingShingle | Isabela Nogueira João Victor Guimarães João Pedro Braga Inequalities and capital accumulation in China Brazilian Journal of Political Economy Desigualdades China acumulação de capital financeirização propriedade estatal questão agrária |
| title | Inequalities and capital accumulation in China |
| title_full | Inequalities and capital accumulation in China |
| title_fullStr | Inequalities and capital accumulation in China |
| title_full_unstemmed | Inequalities and capital accumulation in China |
| title_short | Inequalities and capital accumulation in China |
| title_sort | inequalities and capital accumulation in china |
| topic | Desigualdades China acumulação de capital financeirização propriedade estatal questão agrária |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000300449&lng=en&tlng=en |
| work_keys_str_mv | AT isabelanogueira inequalitiesandcapitalaccumulationinchina AT joaovictorguimaraes inequalitiesandcapitalaccumulationinchina AT joaopedrobraga inequalitiesandcapitalaccumulationinchina |