aggregate impact on inequality into a vertical component (between people at different pre-reform welfare levels) and a … horizontal component (between people at the same pre-reform welfare level). There is a large horizontal component which dominates …

The past eight years witnessed China's phenomenal growth and integration into the world economy, expedited by its … accession to the World Trade Organization (WTO) in 2001. The accession greatly accelerated China's domestic reforms. By the end … of 2007, China was ranked the second largest exporter and third largest trader in the world after its exports grew at …