Pilot projects indicate that the implementation of a universal basic income can lead to a reduction of extreme poverty in developing economies and mitigate job losses in developed ones. Yet the concept remains highly controversial and no government has adopted it as a principal tool for social protection. Joe Leung of The University of Hong Kong explores the possibility of China adopting a basic-income guarantee and considers the pros and cons against the backdrop of the country’s successful programs for poverty alleviation. While the idea of a universal basic income has been around for a long time, the global […]
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