pisco_log
banner

World Economic Disparity and China’s Stance: What Should China do to Solve Economic Disparity?

Alex Zhao, Maximilian Wong, Eric Ren

Abstract


The world's leading economies, China and the United States are experiencing high economic growths. However, some other developing economies around the world isn't growing as fast. This causes economic disparity, where the gap between developed courtiers and developing countries are exacerbated by the pandemic.


Keywords


Macroeconomics; Economics; Economic Disparity

Full Text:

PDF

Included Database


References


Belt and Road Initiative (BRI). (n.d.). EBRD. Retrieved March 20, 2022, from https://www.ebrd.com/what-we-do/belt-and-road/overview.html

Birdsong, N. (2015, February 5). The Consequences of Economic Inequality. SevenPillarsInstitute. Retrieved March 20, 2022, from https://sevenpillarsinstitute.org/consequences-economic-inequality/ #:~:text=However%2C%20the%20disadvantages%20of%20economic,and%20lower%20average%20education%20levels.

CEICdata.com. (2021, July 18). Pakistan Average Monthly Income: Household. Economic Indicators | CEIC. Retrieved March 20, 2022, from https://www.ceicdata.com/en/pakistan/household-integrated-economic-survey-average-monthly-income-household/average-monthly-income-household

Jangiz, K. (2021, August 31). Iraq-China trade reached $16 billion in six months: Commercial Consul. Rudaw. Retrieved March 20, 2022, from https://www.rudaw.net/english/business/ 31082021#:~:text=Last%20year%2C%20Iraq%20was%20China’s,Iraq%20last%20year%2C% 20he%20added.

Kazmi, H. K. S. (2018, November 10). Review of educational development in Pakistan. Pakistan & Gulf Economist. Retrieved March 20, 2022, from https://www.pakistangulfeconomist. com/2018/11/12/review-of-educational-development-in-pakistan/

Monnin, P. (2019, February 13). Financial Stability and Inequality: A Challenge for Macroprudential Regulation. Council on Economic Policies. Retrieved March 20, 2022, from https://www.cepweb.org/financial-stability-and-inequality-a-challenge-for-macroprudential-regulation

Paulson, M. (2021, August 10). Explainer: Economic Effects of Infrastructure Investment. Penn Wharton Budget Model. Retrieved March 20, 2022, from https://budgetmodel. wharton.upenn.edu/ issues/2021/6/ 15/economic-effects-of-infrastructure-investment

Statista. (2021, July 9). Merchandise trade balance of China 2010–2020. Retrieved March 20, 2022, from https://www.statista.com/statistics/263632/trade-balance-of-china/

United Nation. (2012, July). Trade, Income Distribution, And Poverty in Developing Countries: A Survey (No. 207). UNCTAD.




DOI: http://dx.doi.org/10.18282/ff.v11i2.2774

Refbacks

  • There are currently no refbacks.