Thursday, April 12, 2012
[IWS] ADB: ASIAN DEVELOPMENT OUTLOOK 2012: CONFRONTING RISING INEQUALITY IN ASIA [11 April 2012]
IWS Documented News Service
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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
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Asian Development Bank (ADB)
Asian Development Outlook 2012: Confronting Rising Inequality in Asia [11 April 2012]
http://www.adb.org/publications/asian-development-outlook-2012-confronting-rising-inequality-asia
[full-text, 298 pages]
Highlights
http://www.adb.org/sites/default/files/ado2012-highlights.pdf
[full-text, 20 pages]
Video
http://www.adb.org/news/videos/confronting-asias-rising-inequality
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.
http://www.adb.org/features/unfair-growth
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'.
AND MUCH MORE....
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