By Kun Yan
This learn systematically investigates the improvement method, significant features and susceptible hyperlinks of China's poverty relief adventure and conducts a comparative research of poverty relief situations. It additionally competently offers the interior good judgment and middle parts of China's poverty relief idea and taking the chinese language event of poverty relief refines the "Two Threads One strength" theoretical framework to make a simple judgment of the "China version" for poverty relief. It additionally offers the explanation and plans for responding to new demanding situations to accomplish poverty relief objectives, with a purpose to increase the welfare of the folk and advertise social growth and nationwide prosperity.
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Extra resources for Poverty Alleviation in China: A Theoretical and Empirical Study
These reforms mainly include land reform, education reform, and reform of the political system. In terms of land reform, he states that an important unequal relationship in developing countries is inequality in land-ownership systems and that the key to gradually eliminating inequality is land reform. The goal of land reform is to change the system of land ownership and the tenancy relationship so that cultivators have the opportunity and motivation to unleash their abilities. Land reform can be undertaken in accordance with the conditions and opportunities of poor countries.
This often signifies low purchasing power, which creates insufficient investment, which again causes stagnant labor force productivity, which again leads to low incomes. ” These two vicious cycles also affect and act upon each other. Together, they act to inhibit the economic development of developing countries, causing these countries to remain in a long-term state of economic stagnation and poverty. 2 21 “Low-Level Equilibrium Trap” Theory In 1956, American economist Richard R. Nelson published A Theory of the LowLevel Equilibrium Trap.
After the 1950s, some American economists began to hold that the main causes of poverty are systemic. The capitalist system will bring about poverty because capital is holy and inviolable within the system, and it is perfectly justified that capital appreciation belongs to the users of capital. Therefore, in capitalist societies, the system of distributing social wealth will result in increasingly severe polarization. Due to the existence of capital, the income of the owners of capital will be much higher than the income of laborers selling their labor.