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While Asia's growth record in recent decades is remarkable, it has been marred by rising inequality. Recognizing the potential negative economic, social and political consequences of rising inequality, more and more Asian countries are paying attention to the issue of equity and taking actions to make growth more inclusive. This book puts together papers arising from various studies on inclusive growth and its policy implications, as carried out at the Asian Development Bank. 'Inequality and Inclusive Growth in Asia' looks at recent trends of income and non-income inequalities in developing...

The growth model of the People's Republic of China has been based on high investments, exports, low-cost advantage, and government interventions. This model has successfully transformed the country from a low-income to an upper middle-income economy. However, the model has generated contradictions that could undermine future growth. Making the transition to high income requires greater reliance on efficiency and productivity improvement, innovation, and market competition. This book examines the challenges faced by the People's Republic of China in sustaining robust growth, and policy options...