Thursday, April 12, 2012


IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau



Asian Development Bank (ADB)


Asian Development Outlook 2012: Confronting Rising Inequality in Asia [11 April 2012]

[full-text, 298 pages]



[full-text, 20 pages]





Press Release 11 April 2012

New figures from ADB's Asian Development Outlook (ADO) 2012 show inequality is on the rise across the region - casting a shadow over Asia's ongoing economic success.



The "Asian Century" is the catch-cry of the new millennium. The region experienced a quick recovery from the last financial crisis and continues to post healthy growth figures. Poverty has been reduced across the board - the number of people living below the $1.25 a day poverty line fell by 430 million between 2005 and 2010 - and rising numbers of Asians are enjoying a middle class lifestyle. In the long-term, studies have shown that by mid-century an additional three billion Asians could enjoy living standards similar to those in Europe.


But while the region flourishes, the depressing reality is the march to prosperity has also seen a startling rise in inequality. New figures from ADO 2012 show that worrying inequality has risen in Peoples Republic of China, India, and Indonesia - the three most populous nations that have driven the region's rapid growth. With economists realizing that inequality has been fuelled by the same factors that lead to growth, the 'Asian Century' may well turn into the 'Asian Paradox'.






This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.


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