India, China and the East Asian Miracle: a human capital development path to high growth rates and declining inequalities

Aurelie Charles, Giuseppe Fontana, Abhinav Srivastava

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

The High-Performing Asian Economies (HPAEs) have been unusually successful compared to large parts of Asia (including India), Africa and Latin America at matching high growth rates with significantly declining income inequalities. This paper looks at India and the HPAEs from a human capital development perspective, and it seeks to explain the reasons for the possible causes of these different patterns of growth rates and income inequalities. The paper proposes a new Human Capital Index, and argues that the notion of fair wage is the key factor linking human capital development to high growth rates and declining inequalities.
Original languageEnglish
Pages (from-to)29-48
Number of pages20
JournalCambridge Journal of Regions, Economy and Society
Volume4
Issue number1
Early online date9 May 2010
DOIs
Publication statusPublished - Mar 2011

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