Oh noes, how terrible: Asia's rapid growth fuelling 'inequality'

Asia's rapid economic growth may undermine stability because the gap between the rich and poor is widening, the Asia Development Bank has warned.

Oh noes, how terrible: Asia's rapid growth fuelling 'inequality' 5959060088876854

Releasing its annual report, the bank said a key inequality measure increased to an average reading of 38 in Asia.

And while that is less than the average found in Latin America and Africa, Asia's figure is climbing as it declines in the other regions.

China, India and Indonesia have seen significant growth in inequality.
Not just bread

Speaking to the BBC, the Asia Development Bank's (ADB) chief economist Changyong Rhee explained that Asia may be seeing a long-term shift in the way the gap between rich and poor has been managed.

During the 1960s and 1970s, Asia was better at ensuring that growth did not marginalise large chunks of the region's population and was actually reducing the gap between the rich and the poor.

http://www.bbc.co.uk/news/business-17673445

Oh noes, how terrible: Asia's rapid growth fuelling 'inequality'

Oh noes, how terrible: Asia's rapid growth fuelling 'inequality'

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