The Relationship between Structural Change and Inequality: A Conceptual Overview with Special Reference to Developing Asia

24 Pages Posted: 15 Nov 2012

See all articles by Joshua Aizenman

Joshua Aizenman

National Bureau of Economic Research (NBER)

Minsoo Lee

Asian Development Bank

Donghyun Park

Asian Development Bank - Economic Research

Date Written: November 13, 2012

Abstract

Structural change has a far-reaching impact on inequality. Extensive structural change is both a cause and consequence of the exceptionally rapid economic growth, which enabled developing Asia to raise living standards and reduce poverty at a historically unprecedented rate. The region has already begun the difficult and complex task of addressing inequality arising from structural change. There is a growing recognition that more sustainable growth supported by broad-based political and social support requires a growth strategy, which provides equality of opportunity, especially in education and employment. The newly developing more inclusive growth philosophy envisions expanded social protection systems and social safety nets to protect the poor and the vulnerable.

Keywords: inequality, structural change, developing Asia

JEL Classification: O15, O53, P46

Suggested Citation

Aizenman, Joshua and Lee, Minsoo and Park, Donghyun, The Relationship between Structural Change and Inequality: A Conceptual Overview with Special Reference to Developing Asia (November 13, 2012). ADBI Working Paper No. 396. Available at SSRN: https://ssrn.com/abstract=2175383 or http://dx.doi.org/10.2139/ssrn.2175383

Joshua Aizenman (Contact Author)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Minsoo Lee

Asian Development Bank ( email )

6 ADB Avenue
Mandaluyong City
Metro Manila, 1550
Philippines
63-2-683-1622 (Phone)
63-2-636-2342 (Fax)

HOME PAGE: http://www.adb.org

Donghyun Park

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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