Tuesday, March 5, 2013

Annotated Bibliography For Poverty

In “Poverty reduction” of “Poverty in the People's Republic of China,” the authors for wikipedia write about that Chinese economic grows faster after economic reform in 1978 by using statistics. He claims that China increased its human capital by open door policy and drop tariffs below 100% after joining WTO that will attract foreign investment to “special economic zones”. He also says the coming of foreign investment will lead to an improvement in investment environment by using “Local governments in coastal cities have lowered loss of output”. He also support that these improvements drive down the poverty rate of China from 63% in 1981 to 10% in 2004. Two main reason of this decline are increased in agricultural output and impact of joining WTO. Increasing in agriculture output cut half of poverty rate and joining WTO cut a third of poverty rate. This article claims that there is a poverty reduction in China due to rapid economic growth.



Poverty Line in China May Be Raised” from “tvsou.com”, the author talked about the Chinese government may raise the poverty line to enable more people to get State benefits to meet their needs. It mentions that the cost of living in China is lower that in many other countries. About 43 million people were living below the poverty line in the country’s rural areas in 2007. Their number in urban areas was more than 22 million. The World Bank change the poverty line form $1 to $1.25 per day, so there are 207 million people were live in poverty in 2005 in China on the basis of the new standard. Due to China is moving from low-income per capita country to mid-income per capita country, increase in poverty line can serve as a call for China to carry out more effective policies to help the poor. As time changes, expense on everything is in an increasing trend as well as higher living standard. Therefore, the Chinese government decide improve the poverty line from 1067 Yuan to 1300 Yuan in order to accompany with the rapid growth economy.

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