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Inequalities and capital accumulation in China

Author

Listed:
  • Isabela Nogueira
  • João Victor Guimarães
  • João Pedro Braga

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 theworld 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 overthe agrarian question. JEL Classification: O10; O53; D30; P16.

Suggested Citation

  • Isabela Nogueira & João Victor Guimarães & João Pedro Braga, 2019. "Inequalities and capital accumulation in China," Brazilian Journal of Political Economy, Center of Political Economy, vol. 39(3), pages 449-469.
    • Handle: RePEc:ekm:repojs:v:39:y:2019:i:3:p:449-469:id:43
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    More about this item

    Keywords

    Inequalities; China; capital accumulation; financialization; state ownership; agrarian question;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • D30 - Microeconomics - - Distribution - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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