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His 106 g:Final Exam - Essay Example

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The income and wealth inequality in China dates back during the 20th century. A publication by Zhang and Kanbur (99) indicated that income inequality in the…
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His 106 g:Final Exam
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Download file to see previous pages In particular, the widening of the rural-urban income gap was fuelled by the heavy-industrialization. Decentralization and openness, on the other hand, formed the foundation for the inland-coastal income disparity. The gini coefficient for the rural-urban inequality as at 1978 was 0.16. The figure increased in the subsequent years, reaching a record high of 0.474 in 2012. With the income and wealth disparity between the affluent and the cast classes further widening, the Chinese government formulated policies and reforms aimed at addressing this issue. Some of these proposed reforms included open-door policy of the 1970s. This problem was profound by the Chinese Communist Party leadership. The CCP believed in a communistic and socialism economic system. Communism and socialisms encouraged economic reforms and policies that favored upward flow of income. The socialistic and communistic economic policies encouraged skewed wealth distribution that benefited the rich, but instead exploited the poor, hence the widening of the income disparity in China.
Over the last century, China has faced multiple territorial disputes that have their history in the Qing dynasty. One of these territorial disputes in the Chinese history is the Senkaku Islands (Japan) disputes that were disputed over by Japan and China. The onset of the territorial dispute over Tiaoyutai Island (Taiwan) and Diaoyu (China) was immediate after the U.S. handed over the islands to the Japanese authority in 1971, a move that was opposed by the Chinese government (Lee 51). Notably, these islands were originally controlled by the Japanese authority as early as 1895. The PRC (People’s Republic of China) disputed this proposed handover, making the beginning of the dispute that has lasted for decades to date. The dispute has been fueled by the fact these islands are endowed with oil reserves, and also rich fishing grounds. It is the ...Download file to see next pagesRead More
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