How Can China Avoid The “Low-to-Moderate Income Trap”?
作 者： 蔡昉
摘要：At present, China finds itself at a crucial moment of development. Economic growth should embody the requirement of "sound and fast" development, whose prerequisite should be reasonable and orderly income distribution. Theory and the experience of other countries show that when making the transformation from a moderate to high income society, wide income distribution discrepancies may hinder economic growth. To avoid falling into this trap, China needs to strike a balance between utilizing both ...更多market mechanisms and government regulation to achieve a "fair" and "efficient" income balance during the rudimentary and redistribution phase.
关键词：Income distribution; Income trap; Efficiency; Fair
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文章出处：China Economist，中国经济学人(英文版），2008年02期
