Liberalization Promotes Development: Evidence from Taiwan

Equalization Effects of the Expansion of Laborintensive Exports: The Case of Taiwan

“…During the same period, however, inequality of this income among individual income-recipients measured by the ratio of the income of the richest quintile (among individuals) to that of the poorest fluctuated between 7.38 and 8.05 in 1976-93, precluding the indication of definitive trends (ROC, DGBAS 1993), as shown in Table II. 16 The implication is that the apparent 13 This is coincided also with the period of rapid democratization in Taiwan, see, e.g., Fei and Chu (1999). 14 See, e.g., Bourguignon (1992), for an interesting analysis of the effects of macroeconomic policies on income distribution.…”