Asia's inequitable growth will harm democratic institutions: Academic
- October 6, 2011
- Wang Feng, sociology professor, is quoted in Central News Agency (Taiwan) October 6, 2011
From Central News Agency:
The rising income inequality in East Asia could harm the region's democratic institutions and economic development, a scholar warned in a policy brief published by the East-West Center in Hawaii on Wednesday. Over the last half-century, East Asia's dramatic economic growth has altered the global economic and political landscapes, sociologist Wang Feng said. Equally remarkable is that for the first several decades of this upsurge, economists characterized it as "growth with equity," marked by relatively equitable distribution of income throughout populations, he said. But more recently, a new era of "growth with inequality" has developed, he wrote. "This not only leads to more divided societies, it threatens democratic institutions and suffocates economic growth," said Wang, a senior fellow at the Brookings Institution and professor of sociology at UC Irvine.
For the full story, please visit http://www.taiwannews.com.tw/etn/news_content.php?id=1727775.