Hidden Bibliographic Details
| Other authors / contributors: | Jain-Chandra, Sonali, 1975- (IMF staff)
Kinda, Tidiane, (IMF staff)
Kochhar, Kalpana, (IMF staff)
Piao, Shi, (IMF staff)
Schauer, Johanna, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1513546546
9781513546544
9781513546544
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| ISSN: | 1018-5941
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| Notes: | "Prepared by Sonali Jain-Chandra, Tidiane Kinda, Kalpana Kochhar, Shi Piao, and Johanna Schauer."
"March 2016."
"Asia and Pacific Department."
Includes bibliographical references (pages 41-52).
Online resource; title from pdf title page (IMF.org Web site, viewed March 7, 2016).
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| Summary: | This paper focuses 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. --Abstract.
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| Other form: | Print Version: Jain-Chandra, Sonali. Sharing the Growth Dividend : Analysis of Inequality in Asia. Washington, D.C. : International Monetary Fund, 2016. 9781513546544
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| Standard no.: | 10.5089/9781513546544.001
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