Growth, employment and inequality in Brazil, China, India and South Africa: An overview
Abstract:During the past two decades, Brazil, China, India and South Africa have experienced sustained economic growth, with real GDP growing at above the OECD average, particularly in China and India. The GDP per capita gap with OECD countries is decreasing, although real GDP per capita levels are still low with regard to OECD average: some 10% in India, 20% in China and around 30% in Brazil and South Africa. Strong economic growth has helped to reduce extreme poverty in all four countries, especially in China. Nonetheless, the overall benefits of economic integration have not been shared equally and income (and consumption) inequalities increased, except in Brazil recently.
Document Type: Review Article
Publication date: October 1, 2010