Chapter 6: Poverty and inequality in China, India, and Japan
Poverty is the condition of being poor, through income, health, education, or choice. China, India, and Japan have all experienced a dramatic reduction in poverty and an increase in the standard of living. Still, poverty remains a problem in China and India. At the same time, inequality is on the rise. Inequality is a relative measure, looking at the gap between society’s rich and poor. Inequality is increasing in China and India, and has created resentment among the poor of the burgeoning wealthy and middle classes. In this chapter, we discuss the situation of poverty and inequality in each country, looking first at poverty and inequality in development theory.
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