How Can China Avoid The "Low-to-Moderate Income Trap"?  

作　　者：蔡昉 

机构地区：[1]Institute of Labor and Population Economics, Chinese Academy of Social Sciences

出　　处：《China Economist》2008年第2期108-115,共8页中国经济学人（英文版）

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 market mechanisms and government regulation to achieve a "fair" and "efficient" income balance during the rudimentary and redistribution phase.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 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. 

分 类 号：F124.7[经济管理—世界经济]